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Question 2 The following balances wene extracted from the books of Samurai Sdn Bhd for the year ended 31 December 2022. 7 BeMzali. Additional information:
Question 2 The following balances wene extracted from the books of Samurai Sdn Bhd for the year ended 31 December 2022. 7 BeMzali. Additional information: i. Inventary at 31 December 2022 was RM 13,500. i. Wages and Salary were to be apponioned as: Distrbution 25% and administration 75%. ii. Depreciafion policy of Samurai is: Motor Vehicles at rate of 20% an cost per annum Plant and Machinery (which was used for production) at rate of 10% on cost per anum iv. Acorued Audilors' Fees amounted to RM3,300. v. Corporate tax was esfimated to be RM8,200. i. RM6,000 was to be transferted to General Reserve. vii. Proposed Ordinary Share Dividends amounted to RM 10,800. Required: Prepare the Statement of Comprehensive income for the year ended 31 December 2022 by adopting the function of expense or "cost of sales" method in accordance with MFRS 101 Presentabion of Financial Statements: (Show workings where appropriate). (40 marks)
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