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Additional information: a. b. the loan stock investment. C. d. expenses 20 percent. Required: Prepare the statement of changes in equity. Pirnare the statement of financial position as at 31 December xO.

Additional information: a. b. the loan stock investment. C. d. expenses 20 percent. Required: Prepare the statement of changes in equity. Pirnare the statement of financial position as at 31 December xO.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Additional information: a. b. the loan stock investment. C. d. expenses 20 percent. Required: il. Prepare the statement of changes in equity. . Prepare the statement of financial position as at 31 December xb.
Transcribed Image Text:Additional information: a. b. the loan stock investment. C. d. expenses 20 percent. Required: il. Prepare the statement of changes in equity. . Prepare the statement of financial position as at 31 December xb.
I 4.1 Given below is a list of balances of Raul Raul, a public company, as at 31 December x6. Debit Credit RM'000 RM'000 Turnover 20,000 Cost of sales Inventory Selling and distribution expenses Administrative expenses Directors' salaries Auditors' fees Dividend received Interest income Depreciation expenses Building Plant and equipment 2 million 8% preference shares 5 million ordinary shares Retained profits at 1 January x6 Trade payables Trade receivables Bank balance Interim dividends paid Preference dividends 10,000 2,000 1,000 1,500 200 250 100 50 so%300 50 %650 2,000 23,000 14,680 5,000 3,000 1,500 Ordinary dividends Tax under-provided in Tax paid for current year Investment in equity shares of listed companies, classified as held for trading Investment in loan stock of listed companies, classified as non-current Freehold land 80 50 50 1,750 900 600 19,000 41,000 12,000 year x5 Building (at cost) Plant and equipment (at cost) Accumulated depreciation at 31 December x6 Land Plant and equipment 26,000 5,000 95,830 95,830 88
Transcribed Image Text:I 4.1 Given below is a list of balances of Raul Raul, a public company, as at 31 December x6. Debit Credit RM'000 RM'000 Turnover 20,000 Cost of sales Inventory Selling and distribution expenses Administrative expenses Directors' salaries Auditors' fees Dividend received Interest income Depreciation expenses Building Plant and equipment 2 million 8% preference shares 5 million ordinary shares Retained profits at 1 January x6 Trade payables Trade receivables Bank balance Interim dividends paid Preference dividends 10,000 2,000 1,000 1,500 200 250 100 50 so%300 50 %650 2,000 23,000 14,680 5,000 3,000 1,500 Ordinary dividends Tax under-provided in Tax paid for current year Investment in equity shares of listed companies, classified as held for trading Investment in loan stock of listed companies, classified as non-current Freehold land 80 50 50 1,750 900 600 19,000 41,000 12,000 year x5 Building (at cost) Plant and equipment (at cost) Accumulated depreciation at 31 December x6 Land Plant and equipment 26,000 5,000 95,830 95,830 88
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