(a)[7]
Prepare the income statement of Bayliss Limited for the year ended 31 December 2015.
(b)[5]
Prepare the statement of changes in equity of Bayliss Limited for the year ended 31 December 2015.
(c)[6]
Prepare the statement of financial position of Bayliss Limited at 31 December 2015.
(d(i))[4]
Discuss the effect of each option on the future profits of Bayliss Limited.
(d(ii))[3]
Advise the directors on which option they should select. Give reasons for your choice.
(e)[4]
Explain how a capital reserve differs from a revenue reserve.
(f)[1]
State a single example of a capital reserve.