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List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?

List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question for income statement : BAYAN INVESTMENT CO. (K.S.C.P)

a. List 2 expense accounts AND their amounts for 2020.

b. What was the net profit/(loss) for 2020? What about 2019?

c. Compared with 2019, has the net profit/(loss) increased or decreased?

Coast Investment & Development Company K.S.C.P. and its Subsidiaries INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED) For the nine months ended 30 September 2020 Three months ended 30 September 2020 KD Nine months ended. 2019 KD 30 September 2020 KD 2019 KD Notes INCOME Net investment income (loss) Management fees Other income Share of results of associates 913,397 123,446 873 (339,415) 63,893 (368,712) 138,339 (667,572) 373,839 1;748 (3,207,730) (1,096,703) 125,412 569,124 400,121 (15,530) (96,262) Net foreign exchange differences (123,436) 762,194 (342,165) (3,374,303) (250,894) EXPENSES Staff costs General and administrative expenses Depreciation expense Allowance. for expected credit losses (230,023) (53,393) (6,477) (204,047) (60,588) (4,334) (651,595) (151,071) (14,888) (102,209) (651,300) (200,680) (11,100) (289,893) (268,969) (919,763) (863,080) PROFIT (LOSS) FOR THE PERIOD 472,301 (611,134) (4,294,066) (1,113,974) BASIC AND DILUTED EARNINGS (LOS) PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY 3 0.81 fils (1.05) fils (7.35) fils (1.91) fils
Transcribed Image Text:Coast Investment & Development Company K.S.C.P. and its Subsidiaries INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UNAUDITED) For the nine months ended 30 September 2020 Three months ended 30 September 2020 KD Nine months ended. 2019 KD 30 September 2020 KD 2019 KD Notes INCOME Net investment income (loss) Management fees Other income Share of results of associates 913,397 123,446 873 (339,415) 63,893 (368,712) 138,339 (667,572) 373,839 1;748 (3,207,730) (1,096,703) 125,412 569,124 400,121 (15,530) (96,262) Net foreign exchange differences (123,436) 762,194 (342,165) (3,374,303) (250,894) EXPENSES Staff costs General and administrative expenses Depreciation expense Allowance. for expected credit losses (230,023) (53,393) (6,477) (204,047) (60,588) (4,334) (651,595) (151,071) (14,888) (102,209) (651,300) (200,680) (11,100) (289,893) (268,969) (919,763) (863,080) PROFIT (LOSS) FOR THE PERIOD 472,301 (611,134) (4,294,066) (1,113,974) BASIC AND DILUTED EARNINGS (LOS) PER SHARE ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT COMPANY 3 0.81 fils (1.05) fils (7.35) fils (1.91) fils
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