Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question on Financial Statement Analysis & Depreciations Q1. If liabilities total RM 70000 and shareholders' equity totals RM 50000, then total assets must be: Format

image text in transcribed
Question on Financial Statement Analysis & Depreciations Q1. If liabilities total RM 70000 and shareholders' equity totals RM 50000, then total assets must be: Format : 890000 Q2. Tatatititutu Sdn Bhd had retained earnings of RM 55000 at the end of last year. For the current year, profit was RM 18500 and dividends RM 15000. What is the balance in retained earnings at Format : 58700 the end of the current year? Q3. If a firm has RM 2500 in inventories, a current ratio equal to 2, and a quick ratio equal to 1.1, what is the company's total CURRENT ASSETS? Format : 4393 Q4. Suruhje Bhd purchased a machine on 1st January 2019 for RM 270000. Installation expenses were RM 13000. Salvage value after 8 years is RM 5000. On 1 August 2020, expenses for repairs were RM 3000. Depreciation is provided under straight line method. The Format : 65720 Annual Depreciation amount is? Q5. Aduh Sdn Bhd bought Machine 1 on 1st January 2016 at total costs of RM 2400000. The company uses declining balance method for depreciation at an annual rate of 7%. A 2nd smaller machine was bought on 1st January 2018 at a value of RM 1000000. What Format : 626259 would be the Accumulated Depreciation value shown in the Balance Sheet as at 31st December 2019

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

Step: 3

blur-text-image

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

Fraud Examination And Prevention

Authors: W. Steve Albrecht, Chad O. Albrecht

1st Edition

053872689X, 978-0538726894

More Books

Students also viewed these Accounting questions

Question

Show that as

Answered: 1 week ago

Question

What is the role of communication (Chapter 4) in leadership?

Answered: 1 week ago