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Question 4- Dear tutors pls help to answer based on the marks given. thanks The following are the trial balance (extract) relates to Jasnee Bhd.
Question 4- Dear tutors pls help to answer based on the marks given. thanks
The following are the trial balance (extract) relates to Jasnee Bhd. as of 1 April 2019. Additional information: (i) The profit before tax for 2020 and 2021 is RM19 million and RM25 million, respectively. Tax is 25%. (ii) The cost of building is 60% and land 40%. Jasnee Bhd had revalued its building and land on year 2020 . The revalued amount is RM170 million and RM130 million for building and land, respectively. (iii) In year 2021, the revalued amount of building is RM180 million and land RM160 million. (iv) On 1 May 2019, the company had issued one-for-four right issue shares at a price of RM2 each. (v) Due to a new project received by the company, 10 million ordinary shares were issued amounting RM20 million on 9 January 2020. (vi) On 1 March 2020, the company bought back 7 million of its ordinary shares amounting RM7 million. On 1 November 2020 , the company issue 3 million ordinary shares. The price of the share was RM2 each. (vii) The company paid dividend of RM2.5 million and RM2.9 million for year 2019 and 2020 , respectively. Required: Prepare the Statement of Changes in Equity for the year ended 31 March 2020 and 2021 . The following are the trial balance (extract) relates to Jasnee Bhd. as of 1 April 2019. Additional information: (i) The profit before tax for 2020 and 2021 is RM19 million and RM25 million, respectively. Tax is 25%. (ii) The cost of building is 60% and land 40%. Jasnee Bhd had revalued its building and land on year 2020 . The revalued amount is RM170 million and RM130 million for building and land, respectively. (iii) In year 2021, the revalued amount of building is RM180 million and land RM160 million. (iv) On 1 May 2019, the company had issued one-for-four right issue shares at a price of RM2 each. (v) Due to a new project received by the company, 10 million ordinary shares were issued amounting RM20 million on 9 January 2020. (vi) On 1 March 2020, the company bought back 7 million of its ordinary shares amounting RM7 million. On 1 November 2020 , the company issue 3 million ordinary shares. The price of the share was RM2 each. (vii) The company paid dividend of RM2.5 million and RM2.9 million for year 2019 and 2020 , respectively. Required: Prepare the Statement of Changes in Equity for the year ended 31 March 2020 and 2021 Step by Step Solution
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