Statement of Financial Position as at 31 December 2021 Emoji Inc dollar I Asset Non-current...
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Statement of Financial Position as at 31 December 2021 Emoji Inc € dollar I Asset Non-current assets Plant at cost 500 Less depreciation (200) Current assets Inventories 200 Receivables 100 Equity and liabilities Equity 100 Ordinary shares Reserves 280 Long-term loans Current liabilities Statement of Profit or Loss for the year Eeded 31 December 2021 Emoji Inc € dollar 300 Profit before tax Tax (140) Profit after tax, retained 160 The following further information is given: i. Smiley Berhad has owned shares in Emoji Inc since 1 January 2021. On that date the company had reserves of €120. Exchange rates: ii. 1 January 2021 €1.8 to RM1 €1.6 to RM1 Average rate for year ending 31 December 2021 31 December 2021 €1 to RM1 Required: Translate the statement of financial position and statement of profit or loss of Emoji Inc into Ringgit Malaysia (RM). (15 marks) € dollar 300 300 600 380 110 110 600 Statement of Financial Position as at 31 December 2021 Emoji Inc € dollar I Asset Non-current assets Plant at cost 500 Less depreciation (200) Current assets Inventories 200 Receivables 100 Equity and liabilities Equity 100 Ordinary shares Reserves 280 Long-term loans Current liabilities Statement of Profit or Loss for the year Eeded 31 December 2021 Emoji Inc € dollar 300 Profit before tax Tax (140) Profit after tax, retained 160 The following further information is given: i. Smiley Berhad has owned shares in Emoji Inc since 1 January 2021. On that date the company had reserves of €120. Exchange rates: ii. 1 January 2021 €1.8 to RM1 €1.6 to RM1 Average rate for year ending 31 December 2021 31 December 2021 €1 to RM1 Required: Translate the statement of financial position and statement of profit or loss of Emoji Inc into Ringgit Malaysia (RM). (15 marks) € dollar 300 300 600 380 110 110 600
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Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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