DURATUL HOLDINGS STATEMENT OF FINANCIAL POSITION AS OF 31 DECEMBER 2021 (RM) i Sales for 2021 was RM12,500, and it is expected to increase 20 percent in the year 2022 .Net income for 2021 was RM12,000. Cash 12,000 Accruals 6,000 The current dividend payment was RM3,000. iv. The company is operating at full capacity. Account receivable 11,000 Notes payable 9,000 Inventory 11,500 Based on the Duratul Holdings statement of financial position as of 31 December 2021, determine the new retained earnings for the company Long term debt 13,000 Net plant and 14,500 Common stock 11,500 equipment Answer O RM20.000 Retained earnings 9,500 O RM19,500 TOTAL ASSETSS 49,000 TOTAL LIABILITIES & 49,000 O RM20,300 EQUITY O RM17.500
DURATUL HOLDINGS STATEMENT OF FINANCIAL POSITION AS OF 31 DECEMBER 2021 (RM) i Sales for 2021 was RM12,500, and it is expected to increase 20 percent in the year 2022 .Net income for 2021 was RM12,000. Cash 12,000 Accruals 6,000 The current dividend payment was RM3,000. iv. The company is operating at full capacity. Account receivable 11,000 Notes payable 9,000 Inventory 11,500 Based on the Duratul Holdings statement of financial position as of 31 December 2021, determine the new retained earnings for the company Long term debt 13,000 Net plant and 14,500 Common stock 11,500 equipment Answer O RM20.000 Retained earnings 9,500 O RM19,500 TOTAL ASSETSS 49,000 TOTAL LIABILITIES & 49,000 O RM20,300 EQUITY O RM17.500
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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