B) Given below are the Statements of Financial Position for Omicron Bhd for two years. Omicron...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
B) Given below are the Statements of Financial Position for Omicron Bhd for two years. Omicron Bhd Statement of Financial Position for the year ended 31 December 2021 (RM) 2020 (RM) Assets Land PPE (CV) Investments Short term investment Inventories 1,100,000 400,000 100,000 1,460,000 510,000 370,000 220,000 180,000 50,000 60,000 155,000 330,000 Trade Receivable 130,000 Bank 240,000 2,200,000 Total 3,105,000 Equity and liabilities Ordinary Share Capital Preference Share Capital Retained Earnings Less: Treasury Share Bank Loan Trade Payable Interest Payable Таx Рayable Accrued Distribution Cost Dividend Payable Total 1,050,000 450,000 400,000 |(100,000) 1,100,000 700,000 550,000 350,000 90,000 35,000 130,000 25,000 125,000 3,105,000 80,000 140,000 10,000 170,000 2,200,000 Additional information: 1. The short-term investment were part of cash and cash equivalent. 2. Included in the administrative and selling expenses were depreciation on machinery of RM180,000. B) Given below are the Statements of Financial Position for Omicron Bhd for two years. Omicron Bhd Statement of Financial Position for the year ended 31 December 2021 (RM) 2020 (RM) Assets Land PPE (CV) Investments Short term investment Inventories 1,100,000 400,000 100,000 1,460,000 510,000 370,000 220,000 180,000 50,000 60,000 155,000 330,000 Trade Receivable 130,000 Bank 240,000 2,200,000 Total 3,105,000 Equity and liabilities Ordinary Share Capital Preference Share Capital Retained Earnings Less: Treasury Share Bank Loan Trade Payable Interest Payable Таx Рayable Accrued Distribution Cost Dividend Payable Total 1,050,000 450,000 400,000 |(100,000) 1,100,000 700,000 550,000 350,000 90,000 35,000 130,000 25,000 125,000 3,105,000 80,000 140,000 10,000 170,000 2,200,000 Additional information: 1. The short-term investment were part of cash and cash equivalent. 2. Included in the administrative and selling expenses were depreciation on machinery of RM180,000.
Expert Answer:
Answer rating: 100% (QA)
Cash Flow from Operating Activities Net Income 480000 180000 25000 1... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
Students also viewed these accounting questions
-
Given below are the statements of financial position of Pumpkin and Sugarcane as at 30 November 20X8: Pumpkin Sugarcane $000 $000 Non- Current assets Property , Plant & Equipment 31,000 13,500...
-
Below are the statements of financial position for Jupiter Plc, Neptune Limited, Pluto Limited and Venus Co for the year ended 30 April 2021. i) Share Capital Notes to the Above Accounts All ordinary...
-
The following are the statements of financial position of Garden plc, its subsidiary Rose Ltd and its associate Petal Ltd: On 1 January 20X3 Garden plc acquired 75% of Rose Ltd for £300,000...
-
You are the VP of Human Resources for a company with 250 employees. You have both outside sales representatives and inside sales representatives that work primarily by phone. James is an outside...
-
The stockholders equity of Poolside Occupational Therapy, Inc. on December 31, 2015 follows: Stockholders' Equity Paid-In Capital: Common Stock$2 Par Value; 1,600 shares authorized, 600 shares issued...
-
A small ice block of mass m starts from rest from the top of an inverted bowl in the shape of a hemisphere, as shown in the figure. The hemisphere is fixed to the ground, and the block slides without...
-
The price of a share is \(\$ 100\). During the following six months the price can go up or down in a \(10 \%\) per month. If the risk-free interest rate is \(8 \%\) per year, continuously compounded,...
-
Arnold Industries has pretax accounting income of $33 million for the year ended December 31, 2011. The tax rate is 40%. The only difference between accounting income and taxable income relates to an...
-
How might the adoption of holacratic organizational principles, centered around dynamic role definitions and peer-to-peer governance, foster a culture of transparency, empowerment, and distributed...
-
20. What is the IPv6 address of the computer making the DNS AAAA request? This is the source address of the 20th packet in the trace. Give the IPv6 source address for this datagram in the exact same...
-
Lane Corporation is planning a bond issue to finance a new project. Lane plans to issue 2000 bonds with a face value of $1000 each and a coupon rate of 7%. The tax rate is 40%. Projected earnings...
-
What is your experience working in the business field. Include relevant information from you studies to synthesize and reflect on your employment this term.( my job is assistant manager at Vietnamese...
-
In what ways does effective communication play a pivotal role in facilitating seamless collaboration amongst disparate teams?
-
Distinguish the differences between Intensive distribution, Selective distribution and Exclusive distribution with examples.
-
How can leaders cultivate a culture of trust, respect, and inclusivity to nurture fruitful collaboration among team members?
-
Why does svm kernel(rbf) and svm kernel(poly) gives different result? svm kernel rbf: Accuracy: 0.7833333333333333 However svm kernel(poly) resulted: zero. On what basis we have to apply SVM kernel...
-
How do automatic stabilizers work when the economy faces an inflationary gap? ( ( a ) ) Tax rates increase and welfare payments increase. ( ( b ) ) Tax rates increase and welfare payments decrease. (...
-
Construct a 4 x 25 design confounded in two blocks of 16 observations each. Outline the analysis of variance for this design.
-
The statements of financial position of Maytix as at 31 October 2005 and 31 October 2004 are as follows: The statement of comprehensive income of Maytix for the year ended 31 October 2005 is as...
-
River plc acquired 90% of the common shares and 10% of the 5% bonds in Pool Ltd on 31 March 20X1. All income and expenses are deemed to accrue evenly through the year. On 31 January 20X1 River sold...
-
International Accounting Standards IFRS 3 and IAS 38 address the accounting for goodwill and intangible assets . Required: (a) Describe the requirements of IFRS 3 regarding the initial recognition...
-
Find the conditional distribution of happiness by marital status for the data in Table 9. Then draw a bar graph that represents the conditional distribution of happiness by marital status. Approach...
-
One growing concern regarding the U.S. economy is the inequality in the distribution of income. The data in Table 1 represent the distribution of household income for various levels of income in...
-
One growing concern regarding the U.S. economy is the inequality in the distribution of income. An economist wants to know if the distribution of income is changing, so she randomly selects 1500...
Study smarter with the SolutionInn App