Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1. If liabilities total RM 70000 and shareholders equity totals RM 50000, then total assets must be: Format : 360000 Q2. Tatatititutu Sdn Bhd had

image text in transcribed
Q1. If liabilities total RM 70000 and shareholders equity totals RM 50000, then total assets must be: Format : 360000 Q2. Tatatititutu Sdn Bhd had retained earnings of RM 42000 at the end of last year. For the current year, profit was RM 19300 and dividends RM 15000. What is the balance in retained Format : 86400 earnings at the end of the current year? Q3. If a firm has RM 2700 in inventories, a current ratio equal to 1, and a quick ratio equal to 1.1, what is the company's total Format: -87000 CURRENT ASSETS? Q4. Suruhje Bhd purchased a machine on 1st January 2019 for RM 260000. Installation expenses were RM 15000. Salvage value after 9 years is RM 5000. On 1 August 2020, expenses for Format : 50000 repairs were RM 4000. Depreciation is provided under straight line method. The Annual Depreciation amount is? Q5. Aduh Sdn Bhd bought Machine 1 on 1st January 2016 at total costs of RM 1300000. The company uses declining balance method for depreciation at an annual rate of 8%. A 2nd smaller machine was bought on 1st January 2018 at a value of RM Format : 690004 920000. What would be the Accumulated Depreciation value shown in the Balance Sheet as at 31st December 2019? 510001

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

Financial Accounting For Decision Makers

Authors: Peter Atrill, Eddie McLaney

10th Edition

1292409185, 9781292409184

More Books

Students also viewed these Accounting questions

Question

How do you add two harmonic motions having different frequencies?

Answered: 1 week ago

Question

Identify traditional external recruitment methods.

Answered: 1 week ago

Question

Describe alternatives to recruitment.

Answered: 1 week ago