Question: Please answer ASAP , show step by step working , follow the given format , answer the question fully for me to understand better thank

 Please answer ASAP , show step by step working , follow

Please answer ASAP , show step by step working , follow the given format , answer the question fully for me to understand better thank you

3.1. Given below are financial information for Boo-at Jer Sendirian Berhad for the financial year ended 31 December 2019 Item Amount (RM) Accounts payable 630000 Accounts receivable 380000 Prepaid taxes and insurance 90000 Cash & cash equivalents 985000 Plant, property & equipment 1940000 Operating profit 2700000 Net sales 5975000 Inventory 244000 Total Owners' Equity (end balance) 2550000 Income taxes 590000 Interest charges 390000 Q3.1.a. Calculate the net profit after tax, (2 marks) Format : 2470000Q 3.1.b. Calculate total current assets. (2.5 marks) Format : 9425000Q 3.1.c. Calculate total long term liabilities. (3 marks) Format : 679000Q 3.1.d. Prepare formatted Balance Sheet Statement as at 31 December 2019. Show in workings to be attached. (7.5 marks) Format: AQ.3.2. The Beena Jer Contractor Company paid RM1580000 for a house and the land that it is on. The value of the land was appraised at RM150000 and the value of the house at RM245000. The house was then torn down at an additional cost of RM15000, so that a warehouse could be built on the land at a cost of RM1170000. For depreciation purposes, what is the cost basis for the warehouse? (3.5 marks) Format : 3330000 Q.3.3. Consider the following data for a machinery using DDB depreciation method: Cost of the machine 37000 Useful life 5 year Salvage value 6000 Calculate the book value at the end of the 4th year. (6.5 marks) Format: 4587

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!