Question
b) Karex Group reported net income of RM 300,000 for the year ended 2019. The following is the groups additional items. i) The group purchased
b) Karex Group reported net income of RM 300,000 for the year ended 2019. The following is the groups additional items. i) The group purchased 10,000 101 Company share at RM10 per share at the middle of 2019. The investment is treated as available for sales. The value of the shares is RM8 at the end of 2019. ii) The group purchased 1,000 KLK Company bond at RM100 per bond at the beginning of 2019. The investment is treated as hold to maturity. The value of the bond is RM112 at the end of 2019. The maturity date of the bond is year 2030. iii) The group purchased 100,000 Sime Company share at RM1 per share at middle of 2019. The investment is treated as trading. The value of the shares is RM1.30 at the end of 2019. Required: Compute the comprehensive income for Karex group
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