document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1202929>Question 1202929</A>: <I><SPAN STYLE=\"word-break: break-all;\"> During 2017 Global discover ed that certain items had been included in inventory at\r<BR>\n" );
document.write( "\n" );
document.write( "31 December\r<BR>\n" );
document.write( "\n" );
document.write( "2016, valued at TZS 4.2m, which had in fact been sold befor e the year end. The\r<BR>\n" );
document.write( "\n" );
document.write( "folowing figures for 2016\r<BR>\n" );
document.write( "\n" );
document.write( "(as reported) and 2017 (draft) are available.\r<BR>\n" );
document.write( "\n" );
document.write( "Sa les\r<BR>\n" );
document.write( "\n" );
document.write( "Cost of goods sold\r<BR>\n" );
document.write( "\n" );
document.write( "Profit bef or e taxation\r<BR>\n" );
document.write( "\n" );
document.write( "Income taxes\r<BR>\n" );
document.write( "\n" );
document.write( "Profit for the period\r<BR>\n" );
document.write( "\n" );
document.write( "2016\r<BR>\n" );
document.write( "\n" );
document.write( "\"000\" TZS\r<BR>\n" );
document.write( "\n" );
document.write( "Required\r<BR>\n" );
document.write( "\n" );
document.write( "47, 400\r<BR>\n" );
document.write( "\n" );
document.write( "34,570\r<BR>\n" );
document.write( "\n" );
document.write( "12, 830\r<BR>\n" );
document.write( "\n" );
document.write( "3, 849\r<BR>\n" );
document.write( "\n" );
document.write( "8,981\r<BR>\n" );
document.write( "\n" );
document.write( "Retained earnings at 1 January 2016 were TAS 13m.\r<BR>\n" );
document.write( "\n" );
document.write( "2017\r<BR>\n" );
document.write( "\n" );
document.write( "“000-TZS\r<BR>\n" );
document.write( "\n" );
document.write( "67, 200\r<BR>\n" );
document.write( "\n" );
document.write( "55,800\r<BR>\n" );
document.write( "\n" );
document.write( "comparative, and retained earnings.\r<BR>\n" );
document.write( "\n" );
document.write( "11, 400\r<BR>\n" );
document.write( "\n" );
document.write( "3, 420\r<BR>\n" );
document.write( "\n" );
document.write( "The cost of goods sold for 2017 includes the TZS 4.2m error in opening inventory. The\r<BR>\n" );
document.write( "\n" );
document.write( "income tax rate was 30 per cent for 2016 and 2017. No dividends have been declared\r<BR>\n" );
document.write( "\n" );
document.write( "or paid.\r<BR>\n" );
document.write( "\n" );
document.write( "7 ,980\r<BR>\n" );
document.write( "\n" );
document.write( "Show the statement of profit or loss and other comprehensive income for 2017, with\r<BR>\n" );
document.write( "\n" );
document.write( "the 2016 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #838466 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52855)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=838466\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Not for this forum.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Your parcel is orthogonal (has nothing in common) to the profile and goals of this forum.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Have a nice day !\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "Do not post orthogonal parcels in the future.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );