Prepare statement of financial position as at december

Assignment Help Accounting Basics
Reference no: EM132603900

Question - Following are the financial data for Bentara Jaya Sdn Bhd as at 31 December 2019.

Revenue (Sale) RM1,370,100

Account receivable RM540,000

Long term loan RM690,000

Cost of goods sold RM198,000

Property, plant and equipment RM1,150,000

Cash RM593,000

Common equity RM683,600

Account payable RM450,000

Inventory RM397,000

Interest expenses RM60,500

Operating expenses RM201,000

Income tax RM54,200

Based on the above financial data of Bentara Jaya Sdn Bhd, prepare;

(a) Statement of Comprehensive Income for the year ended 31st December 2019.

(b) Statement of Financial Position as at 31st December 2017.

Reference no: EM132603900

Questions Cloud

Do you qualify as a whistleblower under the Dodd-Frank Act : Do you qualify as a whistleblower under the Dodd-Frank Act? Did the company overstate or understate its earnings guidance
Determine the total amount of education related credits : Interest on the loan she received under the Canada Student Loans Act. Determine the total amount of education related credits that would be available for Selma
Explain the generic for stage control cycle : Explain the generic for stage control cycle and how it is useful for understanding, controlling, and monitoring projects. Present and discuss the various.
Determine harry age credit : Harry Rose is 66 years of age and has 2019 Net Income For Tax Purposes of 54,271. Determine Harry's age credit for 2019. Calculate with proper calculation.
Prepare statement of financial position as at december : Based on the above financial data of Bentara Jaya Sdn Bhd, prepare; Statement of Financial Position as at 31st December 2017
Community health assessments : Community health assessments are used by health planners to identify, and prioritize health problems within a given community.
Stages for developing the organizational change action plan : You have been engaged as an Organizational Development (OD) consultant by an organization with which you have deep familiarity that has endeavored to implement.
What are the costs of implementing a tracking program : Research and analyze workplace monitoring and share what are the costs and benefits of implementing a tracking program? Also, please research and share.
How do calculate federal tax payable : How do Calculate his 2019 federal Tax Payable before consideration of credits. Canadian resident Marcus Alonso has calculated his Taxable Income to be 114,832.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd