In: Accounting
The following information is provided for the company ‘Logistic
One-4-All’ (figures
are in euro):
Common stock ?
Trade and other accounts receivable 135,000
Wages payable 25,000
Temporary investments 40,000
Debtors 35,000
Interest expense 10,000
Opening inventory 35,000
Goodwill 45,000
Sales 740,000
Creditors 97,000
Other long-term liabilities 20,000
Other non-currents liabilities 13,000
Cash and cash equivalents 77,000
Purchases 560,000
Land 120,000
Interest revenue 5,000
Equipment 55,000
Beginning Retained Earnings 25,000
Acquired intangible assets 15,000
Bank overdraft (short-term borrowing) 15,000
Sales discounts 40,000
Selling, general and administrative expenses 70,000
Long-term marketable securities 35,000
Long-term debt 90,000
Closing inventory 85,000
Current period’s retained earnings ?
Taxes payable 33,000
Buildings 210,000
Purchases returns 10,000
Net Income ?
The Current period’s retained earnings are calculated as
follows:
Current period’s retained earnings = Beginning Retained Earnings +
Net Income -
Dividends.
Also, consider that there is no taxation and no decision for
dividends distribution.
Find the missing values (in question marks). Please show the exact calculations.