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4. Tax charge for the year is RM60,000. 5. During the year, the director proposed the following: i. Full dividend for preference shares and final
4. Tax charge for the year is RM60,000. 5. During the year, the director proposed the following: i. Full dividend for preference shares and final ordinary dividend of 5%. ii. Transfer to general reserves of RMS0,000 6. The following transactions have not been considered: 1. Directors' remuneration amounting RM25,000 was included in the selling and distribution expenses. in. Remaining debenture interest is to be paid in full at year end. iii. Auditor's fees outstanding amounted to RMS0,000. iv. Accrued investment income of RM30,000. Required: Considering the adjustments from No.1-6 and in compliance with Companies Act 2016, MFRS101 Presentation of Financial Statements and other relevant Malaysian Financial Reporting Standards: a. Prepare the Statement of Profit or Loss and Other Comprehensive Income for the vear ended 31 December 2022. b. Present the Statement of Changes in Equity for the year ended 31 December 2022. c. Determine the Statement of Financial Position as at 31 December 2022. d. Prepare the note on property, plant and equipment. 4. Tax charge for the year is RM60,000. 5. During the year, the director proposed the following: i. Full dividend for preference shares and final ordinary dividend of 5%. ii. Transfer to general reserves of RMS0,000 6. The following transactions have not been considered: 1. Directors' remuneration amounting RM25,000 was included in the selling and distribution expenses. in. Remaining debenture interest is to be paid in full at year end. iii. Auditor's fees outstanding amounted to RMS0,000. iv. Accrued investment income of RM30,000. Required: Considering the adjustments from No.1-6 and in compliance with Companies Act 2016, MFRS101 Presentation of Financial Statements and other relevant Malaysian Financial Reporting Standards: a. Prepare the Statement of Profit or Loss and Other Comprehensive Income for the vear ended 31 December 2022. b. Present the Statement of Changes in Equity for the year ended 31 December 2022. c. Determine the Statement of Financial Position as at 31 December 2022. d. Prepare the note on property, plant and equipment
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