材料全屏the following information has been extracted from the books of tonson, a lim-凯发娱乐

the following information has been extracted from the books of tonson, a limited liability company, as at 31 october 20x6.

dr cr

$'000 $'000

cash 15

insurance 75

inventory at 1 november 20x5 350

general expenses 60

energy expenses 66

marketing expenses 50

wages and salaries 675

discounts received 50

share premium account 200

retained earnings at 1 november 20x5 315

allowance for receivables at 1 november 20x5 40

sales revenue 5,780

telephone expenses 80

property expenses 100

bank 94

returns inward 95

trade payables 290

loan note interest 33

trade receivables 900

purchases 3,570

7% loan notes 470

irrecoverable debts 150

$1 ordinary shares 1,800

accumulated depreciation at 1 november 20x5

buildings 360

motor vehicles 80

furniture and equipment 420

land at cost 740

buildings at cost 1,500

motor vehicles at cost 240

furniture and equipment at cost 1,200

9,899 9,899

you have also been provided with the following information:

(a) inventory at 31 october 20x6 was valued at $275,000 based on its original cost. however, $45,000 of this inventory has been in the warehouse for over two years and the directors have agreed to sell it in november 20x6 for a cash price of $20,000.

(b) the marketing expenses include $5,000 which relates to november 20x6.

(c) the allowance for receivables is to be increased to the equivalent of 5% of trade receivables.

(d) there are wages and salaries outstanding of $40,000 for the year ended 31 october 20x6.

(e) buildings are depreciated at 5% of cost. at 31 october 20x6 the buildings were professionally valued at $1,800,000 and the directors wish this valuation to be incorporated into the financial statements.

(f) depreciation is to be charged as follows:

(i) motor vehicles at 20% of carrying amount

(ii) furniture and equipment at 20% of cost

(g) no dividends have been paid or declared.

(h) tax of $150,000 is to be provided for the year.

(i) during october 20x6 a bonus issue of one for ten shares was made to ordinary shareholders. this has not been entered into the books. the share premium account was used for this purpose.

【论述题】

the statement of profit or loss for the year ended 31 october 20x6