The following are the trial balance (extract) relates to World Cup Bhd as of 1 April...
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The following are the trial balance (extract) relates to World Cup Bhd as of 1 April 2020. Ordinary shares Retained earnings Revaluation reserve Land and building at cost Motor vehicle at cost Accumulated depreciation of building Accumulated depreciation of motor vehicle ii. iii. RM'000 300,000 150,000 V. RM'000 220,000 Additional information: i. The profit before tax for 2021 and 2022 is RM19 million and RM 25 million, respectively. Tax is 25%. The cost of building is 60% and land 40%. World Cup Bhd had revalued its building and land on year 2021. The revalued amount is RM170 million and RM130 million for building and land, respectively. In year 2022, the revalued amount of building is RM180 million and land RM160 million. 10,600 30,000 36,000 30,400 iv. On 1 May 2020, the company had issued one-for-four right issue shares at a price of RM2 each. Due to a new project received by the company, 10 million ordinary shares were issued amounting RM20 million on 9 January 2021. vi. On 1 March 2021, the company bought back 7 million of its ordinary shares amounting RM7 million. On 1 November 2021, the company issue 3 million ordinary shares. The price of the share was RM2 each. vii. The company paid dividend of RM2.5 million and RM2.9 million for year 2020 and 2021, respectively. Required: Prepare the Statement of Changes in Equity for the year ended 31 March 2021, and 2022. The following are the trial balance (extract) relates to World Cup Bhd as of 1 April 2020. Ordinary shares Retained earnings Revaluation reserve Land and building at cost Motor vehicle at cost Accumulated depreciation of building Accumulated depreciation of motor vehicle ii. iii. RM'000 300,000 150,000 V. RM'000 220,000 Additional information: i. The profit before tax for 2021 and 2022 is RM19 million and RM 25 million, respectively. Tax is 25%. The cost of building is 60% and land 40%. World Cup Bhd had revalued its building and land on year 2021. The revalued amount is RM170 million and RM130 million for building and land, respectively. In year 2022, the revalued amount of building is RM180 million and land RM160 million. 10,600 30,000 36,000 30,400 iv. On 1 May 2020, the company had issued one-for-four right issue shares at a price of RM2 each. Due to a new project received by the company, 10 million ordinary shares were issued amounting RM20 million on 9 January 2021. vi. On 1 March 2021, the company bought back 7 million of its ordinary shares amounting RM7 million. On 1 November 2021, the company issue 3 million ordinary shares. The price of the share was RM2 each. vii. The company paid dividend of RM2.5 million and RM2.9 million for year 2020 and 2021, respectively. Required: Prepare the Statement of Changes in Equity for the year ended 31 March 2021, and 2022.
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Statement of Changes in Equity For the Year Ended 31 March 2021 Particulars RM0... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
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