The comparative unclassified statement of finandal position for Blossom Ltd, follows: Additional information pertaning to...
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The comparative unclassified statement of finandal position for Blossom Ltd, follows: Additional information pertaning to 2024 : 1 Net incorre vas $106.000. 2. Sales were 5970000 . 1 Cont of coodisold was $750,000. 4. Operatirusexpenses were $40,000, exchaive of depreciation mapense. 5 Depreciation expense was $47,000 6. Interestopotme was $12000. 7. Intome tike expertse wis $20000 7. Income taxexpense was $20.000. 8. These investments are recorded only whea the irvestments are sold. 9. No equipment was sold durine the year. 10. $57,000 of the bank loas was repald daring the veaf 11. Comenan shares were lusued for $45,000
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