Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLease help me . Please . SUre i will upvote QUESTION 3 Himaya Bhd's Statement of Profit and Loss and Financial Position are as follows:
PLease help me . Please . SUre i will upvote
QUESTION 3 Himaya Bhd's Statement of Profit and Loss and Financial Position are as follows: Statement of Comprehensive Income for the year ended 31 December 2021 RM Revenue (sales) 1,440,000 Material consumed (140,000) Staff cost (180,000) Depreciation (200,000) Loss on sale of plant (30,000) 890,000 Interest expense (40,000) Gain on sale of investment 25,000 Income from investment 50,000 Profit before taxation 925,500 Taxation (210,000) Profit after taxation (715,000) Statement of financial position as at 31 December Year 2021 RM Ordinary shares of RM1.00 each 1,320,000 Preference shares of RM1.00 each 500,000 Revaluation reserve 210,000 Retained earnings 913,000 Non-current liabilities 8% debentures 400,000 Year 2020 RM 1,100,000 550,000 210,000 320,000 450,000 Current liabilities Bank overdraft Trade payables Tax payables 80,000 55,000 10,000 120,000 42,000 25,000 3,488,000 2,817,000 Non-current assets Land and building Accumulated depreciation-building Plant and machinery- carrying value Development expenditure Investment Current assets Inventories Trade receivables Cash in hand 1,750,000 (120,000) 1,170,000 478,000 110,000 1,750,000 (110,000) 790,000 280,000 40,000 33,000 27,000 3,488,000 56,000 20,000 31,000 2,817,000 Additional information: 1. Dividends paid: preference RM50,000 and ordinary RM72,000. 2. Preference shares and debentures were redeemed. 3. No new investments were acquired. Proceed from investment was RM195,000. 4. There is no amortization of development expenditure. 5. Plant disposed for RM200,000 and its carrying amount was RM230,000. Loss on sale of plant was RM30,000. RM800,000 plants was purchase during the year. 6. Depreciation for land and building was RM10,000 and depreciation for plant and machinery was RM190,000. Required: Prepare the Statement of Cash Flow for the year ended 31 December 2021 (indirect method) for Himaya BhdStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started