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Can someone help me with this question? Need this in 1 hour 30 min if possible. Thankyou for helping!! Rentas Bhd is a Malaysian public
Can someone help me with this question? Need this in 1 hour 30 min if possible. Thankyou for helping!!
Rentas Bhd is a Malaysian public listed company principally engaged in poultry farming. The company is also involved in the manufacture and marketing of paper egg trays, animal feeds, and the distribution of animal health products. The financial statements of Rentas Bhd for the year ended 31 December 2021 are as follows: Statement Profit or Loss for the year ended 31 December 2021 Ctatamant nf Finanrial Dneitinn acat 21 Maramhar 2 a 21 Additional information: 1. The company purchased a biological asset on 1 April 2021, and it was remeasured at the end of the year. 2. The company's policy is to use a revaluation model to measure the land. On 1 January 2021 , the company revalued its land for the first time, resulting in a deficit of RM2,400,000. (9) Hak Clpta Unlver sitt Teknologl MARA CONFIDENTIAL CONFIDENTIAL 8 AC/JUL 2022/FAR460 3. During the year, the company acquired new equipment by issuing the company's ordinary shares. In addition, the company disposed of a plant for a loss of RM1,200,000. The plant was purchased for RM20,000,000, and its accumulated depreciation at the date of disposal was RM8,000,000. 4. Operating expenses indude depreciation expenses of RM11,400,000, impairment of trade receivables of RM100,000, amortisation expenses, deficit from revaluation of the land, and loss on disposal of the plant. 5. 20% of the investments qualify as cash and cash equivalent. 6. There was no purchase or disposal of intangible assets during the year. Required: a. Prepare the Statement of Cash Flows of Rentas Bhd for the year ended 31December 2021 using the direct method. (21 marks) b. Based on the Statement of Cash Flows prepared, discuss the liquidity performance of Rentas Bhd. (4 marks) (Total: 25 marks) Rentas Bhd is a Malaysian public listed company principally engaged in poultry farming. The company is also involved in the manufacture and marketing of paper egg trays, animal feeds, and the distribution of animal health products. The financial statements of Rentas Bhd for the year ended 31 December 2021 are as follows: Statement Profit or Loss for the year ended 31 December 2021 Ctatamant nf Finanrial Dneitinn acat 21 Maramhar 2 a 21 Additional information: 1. The company purchased a biological asset on 1 April 2021, and it was remeasured at the end of the year. 2. The company's policy is to use a revaluation model to measure the land. On 1 January 2021 , the company revalued its land for the first time, resulting in a deficit of RM2,400,000. (9) Hak Clpta Unlver sitt Teknologl MARA CONFIDENTIAL CONFIDENTIAL 8 AC/JUL 2022/FAR460 3. During the year, the company acquired new equipment by issuing the company's ordinary shares. In addition, the company disposed of a plant for a loss of RM1,200,000. The plant was purchased for RM20,000,000, and its accumulated depreciation at the date of disposal was RM8,000,000. 4. Operating expenses indude depreciation expenses of RM11,400,000, impairment of trade receivables of RM100,000, amortisation expenses, deficit from revaluation of the land, and loss on disposal of the plant. 5. 20% of the investments qualify as cash and cash equivalent. 6. There was no purchase or disposal of intangible assets during the year. Required: a. Prepare the Statement of Cash Flows of Rentas Bhd for the year ended 31December 2021 using the direct method. (21 marks) b. Based on the Statement of Cash Flows prepared, discuss the liquidity performance of Rentas Bhd. (4 marks) (Total: 25 marks)Step by Step Solution
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