Statement of Comprehensive Income for the year ended 31 December 2018 $,000 Revenue Cost of sales Gross profit Other expenses Finance costs Profit before tax Income tax expenses Profit for the year Other comprehensive income Gain on revaluation of property, plant & equipment Total comprehensive income for the year (ii) (iii) (iv) 1476 (962) 514 (157) (15) 342 ● (162) 180 Additional information: During 2018, amortisation of $60,000 was charged on development projects. During 2018 items of property, plant and equipment with a carrying amount of $103,000 were sold for $110,000. Profit on sale was netted off against other expenses'. Depreciation charged in the year on property, plant and equipment totalled $57,000. Altamont acquired $56,000 of property, plant and equipment by means of leases, payments being made in arrears on the last day of each accounting period. 100 280 The current asset investments are government bonds and management has decided to class them as cash equivalents. The new debentures were issued on 1 April 2017. Finance cost includes debenture interest and lease finance charges only. During the year Altamont made a 1 for 8 bonus issue, capitalising its retained earnings, followed by a rights issue. Required (a) Prepare a statement of cash flows for Altamont in accordance with IAS 7 using the indirect method.

Current Attempt in Progress The following information is available for Bramble Corporation for 2024 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $42,400. This $42,400 difference will reverse equally over the years 2025-2028. 2. Deferral, for book purposes, of $20,300 of rent received in advance. The rent will be recognized in 2025. 3. Pretax financial income, $272,300. 4. Tax rate for all years, 30%. (a) Your answer is correct. Compute taxable income for 2024. Taxable income $ 250200 Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2024. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Income Tax Expense Deferred Tax Asset Deferred Tax Liability Income Tax Payable Debit…

Actuarial gain or loss - plan assets Fair value of plan assets (1 July 2013) Plus: Return on plan assets (6% x $94 356 000) Contributions Minus: Benefits paid Actuarial Fair value of plan assets (30 June 2014) Required: Select a correct answer for each blank. $94 356 000 5 661 360 8 640 000 (15 552 000) $95 832 000

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