Darling Bhd is public listed company based in Malaysia. It is established since 1990. On 1.1.2018,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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)
Expert Answer:
Answer rating: 100% (QA)
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
Posted Date:
Students also viewed these accounting questions
-
Use the following information for the specific identification method. October 1, 20-1 October 18 November 25 January 12, 20-2 March 17 June 2 August 21 September 27 Beginning inventory 1st purchase...
-
On the basis of the data shown below: Item Inventory Quantity Cost per Unit Market Value per Unit (Net Realizable Value) IA17 137 $54 $49 O5T4 277 28 30 Determine the value of the inventory at the...
-
On 1 October 2005 Omega granted 50 employees options to purchase 500 shares in the entity. The options vest on 1 October 2007 for those employees who remain employed by the entity until that date....
-
Which sentence below most strongly emphasizes the importance of the decision? (5 points) Over the next year, the direction of the company depends on the quick decision we must make. The direction of...
-
What is meant by shock advertising? Evaluate the arguments for and against the use of shock advertising by marketers.
-
A mixture containing 65.0 mole% acetone (Ac) and the balance acetic acid (AA) is separated in a continuous distillation column at 1 atm. A flowchart for the operation is as follows: The overhead...
-
In the months leading up to the 2016 election, Christopher Steele, a former British intelligence agent, was hired by a Washington, D.C., research firm to investigate whether then-candidate Donald...
-
Davis Instruments has two manufacturing plants located in Atlanta, Georgia. Product demand varies considerably from month to month, causing Davis extreme difficulty in workforce scheduling. Recently...
-
Jobs R Us, Inc. Is a recruiting firm that specializes in post- college placement in the finance industry. Its clients are currently concentrated in the North-Eastern United States lt is contemplating...
-
Suppose that a learning algorithm is trying to find a consistent hypothesis when the classifications of examples are actually random. There are u Boolean attributes, and examples are drawn uniformly...
-
If Andrew would like to buy slippers, He has to check the prices and the number of quantities that will fit to his financial capabilities. If at a price of P220 he can buy 3 slippers, however if he...
-
Parallel processing is becoming possible on a widespread basis because of the advent of multithreading programming. What are some scenarios where parallel processing will really be important? my son,...
-
Quality Services Inc. made the following accounting errors during a recent month. Requirement: Prepare the necessary adjusting journal entries to correct these errors. 1. The company recorded a $450...
-
Saint Louis Universal Co. has a capital structure with 30% debt (basically long-term debt) and 70% common equity. The company does not have prefered stocks in its capital structure. The yield to...
-
how can the quote "Because it is my name! Because I cannot have another in my life!" be the evidence of the thesis "The well being of the community outweighs superficial self-interest."? -Why did...
-
Your boss askes you to analyze a buy lease decision regarding some new equipment for your firm. You are given the following information: The new machinery will cost $2,200,000. You can get a loan for...
-
Determine the reactions and draw the shear and moment diagrams for the beams shown below. Indicate values and units. P1 = 30k w1 = 3k/ft P2 = 2k w2 = 300 lbs/ft K-5ft P1 5 ft 10 ft w1 6ft P2 w2 6 ft...
-
Which of the following streaming TV devices does not involve use of a remote controller? A) Google Chromecast B) Apple TV C) Amazon Fire TV D) Roku
-
The computer center at Rock-bottom University has been experiencing computer downtime. Let us assume that the trials of an associated Markov process are defined as one-hour periods and that the...
-
Filtron Corporation produces filtration containers used in water treatment systems. Although business has been growing, the demand each month varies considerably. As a result, the company utilizes a...
-
J. D. Williams, Inc., is an investment advisory firm that manages more than $120 million in funds for its numerous clients. The company uses an asset allocation model that recommends the portion of...
-
Telemark-Kjemi AS manufactures an industrial solvent in two departments mixing and cooking. This question focuses on the Cooking Department. During June 2022, 90 tonnes of solvent were completed and...
-
Consider the following data for the satellite Assembly Division of Aro-France: Exercise4.11 Europe Electronics SNC manufactures microchips in large quantities. Each microchip undergoes assembly and...
-
Required Do Exercise4.20 using the FIFO method of process costing. Explain any difference between the cost of work completed and transferred out and cost of closing work in progress in the Assembly...
Study smarter with the SolutionInn App