Q3. Jaafar acquired 200,000 ordinary shares of Sally on 1 January 2020 at a total cost of RM300,000. At that date the accumulated profit of Sally was RM20,000. Shortly after, Sally declared and paid dividend of RM20,000 (net of tax) for the year ended 31 December 2019. Jaafar received its share of the dividends on 10 January 2020 and it is credited its profit and loss account. Given below are the Statement of Financial Position of Jaafar and Sally as at 31 December 2020. (Jaafar membeli 200,000 saham biasa Sally pada 1 Januari 2020 pada jumlah kos RM300,000. Pada tarikh itu untung terkumpul Sally adalah RM20,000. Kemudian Sally mengisytihar dan membayar dividen RM20,000 (bersih cukai) bagi tahun berakhir 31 Disember 2019. Jaafar menerima dividen saham itu pada 10 Januari 2020 dan dikreditkan ke dalam akaun untung rugi. Diberi berikut adalah Penyata Kedudukan Kewangan Jaafar dan Sally pada 31 Disember 2020.) Ordinary share (saham biasa) of RM1 each(setiap satu) Profit and Loss (Untung dan rugi) 10% Debentures (Debentur) Creditors (Pemiutang) Land and building (Tanah dan bangunan) Plant and equipment (Loji dan peralatan) (net) (bersih) Investment in (Pelaburan dalam) Sally (cost) (kos) Inventories (Inventori) Debtors (Penghutang) Bank Jaafar RM'000 500 136 200 44 880 250 180 300 50 45 55 880 Sally RM'000 300 60 50 30 440 150 160 40 25 65 440 Additional information (Maklumat tambahan): i. Provisions are to be made for the second half year's debenture interest for both companies. (Peruntukan dibuat untuk faedah debentur untuk separuh tahun kedua bagi kedua-dua syarikat.) ii. Proposed ordinary dividends Jaafar 10% and Sally 5%. (Dividen saham biasa dicadangkan Jaafar 10% dan Sally 5%.) iii. iv. On 1 January 2020 Jaafar valued the plant and equipment of Sally at RM250,000. Sally did not adjust the books to reflect the new value. Both the companies depreciate plant and equipment at 20% using the reducing balance method. The book value in the above statement of financial position is after providing 2020 depreciation charge. (Pada 1 Januari 2020 Jaafar telah menilai loji dan peralatan Sally pada RM250,000. Sally tidak melaraskan bukunya untuk menunjukkan nilai baru. Kedua syarikat menyusutnilaikan loji dan peralatan pada 20% dengan menggunakan kaedah baki berkurangan. Nilai buku dalam penyata kedudukan kewangan di atas adalah selepas mengambilkira susutnilai bagi 2020.) V. Half of the inventories of Sally were purchase from Jaafar. Jaafar makes a profit of 25% on invoice price on inventories sold to Sally, out of which 10% is to cover transportation costs. Unrealised profits in the opening inventories of Sally was RM1,000. (Separuh daripada inventori Sally telah dibeli daripada Jaafar. Jaafar mendapat untung 25% daripada harga invois inventori yang dijual kepada Sally. yang mana 10% daripadanya adalah untuk kos pengangkutan. Untung belum realis bagi stok awal Sally adalah RM1,000.) vi. Sally did not purchase or dispose of any plant and equipment during 2020. (Sally tidak membeli atau melupuskan loji dan peralatan pada 2020.) During the year Sally sold building, which had book value of RM150,000 for RM200,000 to Jaafar. The remaining useful life of this building is 25 years. Straight line depreciation method is adopted by the group. (Dalam tahun semasa Sally telah menjual bangunan dengan nilai buku RM150,000 dengan harga RM200,000 kepada Jaafar. Baki usia guna bangunan adalah 25 tahun. Kaedah garis lurus digunakan oleh kumpulan syarikat itu.) vii. viii. Debtor of Jaafar include RM25,000 due from Sally. However Sally remitted RM5,000 on 31 December 2020 which was received by Jaafar on 3 January 2021. (Penghutang bagi Jaafar termasuk RM25,000 daripada Sally. Walaubagaimanapun Sally telah membayar RM5,000 pada 31 Disember 2020 yang diterima Jaafar pada 3 Januari 2021.) Tax rate is 25%. (Kadar cukai adalah 25%.)