Question: please help me answer correctly i will give you good rating The following is a summary of the balance sheet statement for Syarikat Berjaya Berhad
please help me answer correctly i will give you good rating


The following is a summary of the balance sheet statement for Syarikat Berjaya Berhad over a period of 2 years: 30 Dec 2019 30 Dec 2020 RM'000' RM'000 Fixed assets Land Factory 1100 1100 380 700 1,480 1,800 500 520 Current assets Stock Account not yet received Cash 300 280 0 205 800 1,005 100 110 100 125 Current liabilities Accounts Payable Dividends are proposed Taxes Overdraft Net assets 180 220 200 220 550 1,700 2,350 1,500 2,000 Ordinary Stock Premium Stocks Retained earnings 100 200 250 1,700 2,350 Income Statement for the year ended 31 December 2020 Gross profit Depreciation 650,000 (300,000) 350.000 25,000 Profit from sale of fixed assets Net profit before tax Taxes Net profit after tax Dividends are paid Dividends are proposed 375,000 (150,000) 225,000 50,000 125,000 175,000 50,000 Fixed asset related information: Tanah (RM) 1,100,000 Cost balance on 1.1.2020 Purchase assets Kilang (RM) 1,900,000 720,000 2,620,000 1,100,000 Less Sale of assets Balance of cost as at 31 Dec 2020 800,000 1,820,000 1,100,000 1,520,000 Total Depreciation amount as at 1.1.2020 Depreciation in 2020 300,000 1,820,000 700,000 Less: Depreciation for assets depreciation as at 31 December 2020 1,120,000 You need to prepare the Cash Flow for Syarikat Berjaya Berhad for the year ended 31 Dec 2020 by showing all the calculations involved
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
