Darling Bhd is public listed company based in Malaysia. It is established since 1990. On 1.1.2018,...
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Darling Bhd is public listed company based in Malaysia. It is established since 1990. On 1.1.2018, Darling Bhd issued 40 million 4% redeemable preference share for RM40 million. These shares are redeemable on 31.12.2021 at a premium of 18%. The effective interest rate is 8%. Darling Bhd measures the preference shares at amortised cost. Required: a) Show the table of amortized cost for the four year period (2018-2021) showing the carrying value of each year. (8 marks) b) Show the extracts of the statements of profit or loss and the statements of financial position for the year 31.12.2018 and 31.12.2020. (2 marks) Darling Bhd is public listed company based in Malaysia. It is established since 1990. On 1.1.2018, Darling Bhd issued 40 million 4% redeemable preference share for RM40 million. These shares are redeemable on 31.12.2021 at a premium of 18%. The effective interest rate is 8%. Darling Bhd measures the preference shares at amortised cost. Required: a) Show the table of amortized cost for the four year period (2018-2021) showing the carrying value of each year. (8 marks) b) Show the extracts of the statements of profit or loss and the statements of financial position for the year 31.12.2018 and 31.12.2020. (2 marks)
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MJ opening 2 Redeemable value Amortisation Schedue Period o... View the full answer
Related Book For
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam
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