FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mr. Shuhaimi served as an accountant in Dido Bhd since 1.1.2010. on 1.1.2019 he was transferred to Didi Bhd , where Dido Bhd holds 70%

Mr. Shuhaimi served as an accountant in Dido Bhd since 1.1.2010. on 1.1.2019 he was transferred to Didi Bhd, where Dido Bhd holds 70% shares. Dido Bhd exercised control and major decisions on Didi Bhd. Mr. Shuhaimi retired on 1.1.2020 and received gratuity of RM 90,000 from Didi Bhd, Ali is aged 55 on 1.1.2010. State the gratuity status for Mr. Shuhaimi and explain the reason.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

British And German Banking Strategies

British And German Banking Strategies

Authors: S. Janssen

1st Edition

0230220487, 9780230220485

More Books

Students also viewed these Accounting questions

Question

★★★★★
Suppose the purchase and sale of marijuana are legalized and the price of marijuana falls. What is the explanation?

Answered: 1 week ago

Question

★★★★★
In Exercises 23 through 28, compute the elasticity of demand for the given demand function D(p) and determine whether the demand is elastic, inelastic, or of unit elasticity at the indicated price p....

Answered: 1 week ago

Question

★★★★★
1. Offer individual problems as well as group problems, so that each student has the chance to practice.

Answered: 1 week ago

Question

★★★★★
The following table shows a partial probability distribution for the MRA Companys projected profits (in thousands of dollars) for the first year of operation (the negative value denotes a loss): x...

Answered: 1 week ago

Question

★★★★★
I cant figure out how to calculate the activity proportion!! The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants,...

Answered: 1 week ago

Question

★★★★★
what is accounting equation a . liability = asset + equity b . equity = asset - liability c . equity = asset + liability d . asset = equity - liability

Answered: 1 week ago

Question

★★★★★
Outsourcing of labor by U.S. companies typically takes place because ___________________. Question 3 options: there is no longer enough space to build factories in the United States most companies...

Answered: 1 week ago

Question

★★★★★
Hi could you please help with the below question. In May 2012, a bank will issue a 4/7 FRA referenced to BBSW with a guaranteed rate of 4.5% p.a.. Bank bill futures for September 2012 delivery are...

Answered: 1 week ago

Question

★★★★★
Chapter 33 (section 33-5a) discusses the Great Recession of 2008-2009. Respond to ONE of the following: What lingering effects from the Great Recession do you find in either news stories or in your...

Answered: 1 week ago

Question

★★★★★
Which of the following adjusting entries would be the most likely be reversed? Select one: a.DR: Depreciation Expense $500; CR: Accumulated Depreciation $500 b.DR: Salary Expense $1,980; CR: Salary...

Answered: 1 week ago

Question

★★★★★
What are "virtual or remote organizations"? Describe the role of the manager in such organizations. explain in easy words

Answered: 1 week ago

Question

★★★★★
In Example 3.4 we considered the course of the Dow Jones Industrial Average over 2 days and defined four basic outcomes: O1: The Dow Jones average rises on both days. O2: The Dow Jones average rises...

Answered: 1 week ago

Question

★★★★★
3.7 Florin Frenti operates a small, used car lot that has three Mercedes (M1, M2, M3) and two Toyotas (T1, T2). Two customers, Cezara and Anda, come to his lot, and each selects a car. The customers...

Answered: 1 week ago

Question

★★★★★
3.6 Consider Example 3.4, with the following four basic outcomes for the Dow Jones Industrial Average over two consecutive days: O1: The Dow Jones average rises on both days. O2: The Dow Jones...

Answered: 1 week ago

Previous Question Next Question