Unicorn Limited is engaged in manufacturing of building material. The company has manufacturing plants at Bhopal (MP) and Nashik (Maharashtra). The…

Unicorn Limited is engaged in manufacturing of building material. The company has manufacturing plants at Bhopal (MP) and Nashik (Maharashtra). The company prepares the financial statements by following financial year 1st April to 31 March. The company took a loan of 60 Lakhs carrying interest @ 10% p.a. on 1st August, 2025 to purchase raw material. On the same day, the company purchased 40,000 units of raw material @125 per unit. For each unit of finished goods 2 units of raw material is required. On 31st March, 2026 the company provides you the following information: 10,000 units of finished goods were produced.Net realizable value of finished goods is 300 per unit.Net replacement value of raw material was 100 per unit.Labour charges and variable overheads incurred are - 10,00,000 to produce 10,000 units of finished goods.All the finished goods produced were lying in the stock as on 31st March, 2026.There was no opening stock of raw material and finished stock. Unicorn Limited used 15,000 units of raw material to construct an asset (Qualifying Asset). Labour and other overhead charges incurred on construction of asset are - 9,00,000. The company also paid - 1,50,000 to install the asset at factory premises. Unicorn Limited used Balance of loan proceeds of 10,00,000 to invest in Equity shares of Royal Limited. The company purchased 90,000 equity shares (Face value 10 each) for 10,00,000 on 25th March, 2026. Royal Limited declared and paid dividend @ 20% on 30th March 2026 for the year 2024-25. A fraud of 2,80,000 done by the cashier of Unicorn Limited in January, 2026 was detected in April, 2026. The financial statements for the year ended 31st March, 2026 were approved by the Board of Directors of the company on 1st May, 2026. Based on the information given in the above case scenario, answer the following questions from 6 to 9: