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a) what is the interest expense for 2016?

b) how much equipment was purchased during 2016 year?

c) what was the depreciation expense for 2016?

d) were any shares issued in 2016? If yes, how was the share issue for?

e) how much dividends were paid during 2016 ( if any)?

f) referring to the information in the question, provide 4 examples of accounting policy choices that DEF may have made in determining profit that may have increased this year's profit.

Home Tools t05 acct1511 Han..x Sign In Q3: Accounting Policy choice Export PDF Problem 16.1 (Trotman, Carson & Gibbins, 2016) Create PDFv DEF Limited Balance sheet as at 30 June Edit PDF 2016 2015 Current assets Cash 40 000 650 000 (50 000) 700 000 1 340 000 60 000 300 000 (50 000) 290 000 600 000 Comment Allowance for doubtful debts Inventory Combine Files Noncurrent assets 1100 000 (100 000) Organize Pages 1 800 000 (550 000) 200 000 1 450 000 2 790 000 Capitalised borrowing costs Fill & Sign 1 000 000 Total assets 1 600 000 Current llabllitles Accounts payable Tax payable Send for Signature 670 000 60 000 730 000 556 000 44 000 600 000 Send & Track Noncurrent llabllltles Loan Total llabllltle Net assets 580 000 1 310 000 1 480 000 600 000 1 200 000 400 000 More Tools Shareholders' equlty Share capital Retained profits 150 000 330 000 250 000 150 000 400 000 2016 2015 Sales (all on credit) 1 000 000 200 000 290 000 41 000 640 000 128 000 197 000 Net profit after tax EBIT Tax expense 32 000 Note: No equipment was sold during the year Store and share files in the Document Clouc Learn More

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