The accounting records of Food Complex Ltd., a publicly listed company, showed the amounts below...
90.2K
Verified Solution
Question
Accounting
The accounting records of Food Complex Ltd., a publicly listed company, showed the amounts below for the year ended 31 January 20X7, in millions of Canadian dollars. The company had 40 million common shares outstanding throughout the fiscal year.
Dr./(Cr.) | Retail | Wholesale | Dairy | Bakery | U.S. | Total | |||||||||||||||||
Sales revenue | $ | (470 | ) | $ | (271 | ) | $ | (65 | ) | $ | (85 | ) | $ | (79 | ) | $ | (970 | ) | |||||
Cost of inventory expensed | 180 | 142 | 20 | 26 | 368 | ||||||||||||||||||
Employee cost | 51 | 36 | 21 | 19 | 26 | 153 | |||||||||||||||||
Other operating expense | 20 | 22 | 12 | 17 | 31 | 102 | |||||||||||||||||
Restructuring cost | 5 | 5 | |||||||||||||||||||||
Gain on sale of marketable securities | (12 | ) | |||||||||||||||||||||
Interest expense | 16 | ||||||||||||||||||||||
Depreciation expense | 100 | ||||||||||||||||||||||
General advertising expense | 25 | ||||||||||||||||||||||
General corporation administrative expense | 37 | ||||||||||||||||||||||
Loss on discontinued operation | (25 | ) | (25 | ) | |||||||||||||||||||
Loss on translation of U.S. subsidiary (OCI) | 7 | ||||||||||||||||||||||
Income tax expense (including $7 tax recovery on discontinued operation) | 24 | ||||||||||||||||||||||
Required: 1. Prepare the SCI by nature of income and expense. (Round intermediate and "Earnings per share" answers to 2 decimal place. Enter answers in millions, not in whole Canadian dollar.)
2. Prepare the SCI by function. (Round intermediate and "Earnings per share" answers to 2 decimal place. Enter answers in millions, not in whole Canadian dollar.)
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.