(a)[2]
Explain one reason why the factory profit rate changed between 2022 and 2023.
(b)[2]
Prepare a corrected provision for unrealised profit account for the year ended 31 December 2023.
(c(i))[8]
Draw up a corrected statement of profit or loss for the year ended 31 December 2023.
(c(ii))[8]
Draw up a corrected statement of financial position at 31 December 2023.
(d)[5]
Advise the directors whether the retained earnings account balance is too low because excessive dividends were paid. Justify your answer.