{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T21:11:56-04:00", "answer_date": "2024-05-27 21:11:56", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1801694", "url": "\/study-help\/questions\/the-following-are-the-trial-balance-extract-relates-to-world-1801694", "question_creation_date_js": "2024-05-27T21:11:56-04:00", "question_creation_date": "May 27, 2024 09:11 PM", "meta_title": "[Solved] The following are the trial balance (extr | SolutionInn", "meta_description": "Answer of - The following are the trial balance (extract) relates to World Cup Bhd as of 1 April 2020. Ordinary shares RM'000 Reta | SolutionInn", "meta_keywords": "trial,balance,extract,relates,world,cup,bhd,1,april,2020,ordinary,shares", "question_title_h1": " The following are the trial balance (extract) relates to World Cup Bhd as of 1 April 2020. Ordinary shares RM'000 Retained earnings Revaluation reserve", "question_title": " The following are the trial balance (extract) relates to World Cup", "question_title_for_js_snippet": "The following are the trial balance (extract) relates to World Cup Bhd as of 1 April 2020 Ordinary shares RM'000 Retained earnings Revaluation reserve Land and building at cost Motor vehicle at cost Accumulated depreciation of building RM'000 220,000 10,600 30,000 300,000 150,000 36,000 30,400 Accumulated depreciation of motor vehicle Additional information i The profit before tax for 2021 and 2022 is RM19 million and RM 25 million, respectively Tax is 25 ii The cost of building is 60 and land 40 World Cup Bhd had revalued its building and land on year 2021 The revalued amount is RM170 million and RM130 million for building and land, respectively iii iv V vi In year 2022, the revalued amount of building is RM180 million and land RM160 million On 1 May 2020, the company had issued one for four right issue shares at a price of RM2 each Due to a new project received by the company, 10 million ordinary shares were issued amounting RM20 million on 9 January 2021 On 1 March 2021, the company bought back 7 million of its ordinary shares amounting RM7 million On 1 November 2021, 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 2020 and 2021, respectively Required Prepare the Statement of Changes in Equity for the year ended 31 March 2021, and 2022 ", "question_description": "\"image", "transcribed_text": "The following are the trial balance (extract) relates to World Cup Bhd as of 1 April 2020. Ordinary shares RM'000 Retained earnings Revaluation reserve Land and building at cost Motor vehicle at cost Accumulated depreciation of building RM'000 220,000 10,600 30,000 300,000 150,000 36,000 30,400 Accumulated depreciation of motor vehicle Additional information: i. The profit before tax for 2021 and 2022 is RM19 million and RM 25 million, respectively. Tax is 25%. ii. The cost of building is 60% and land 40%. World Cup Bhd had revalued its building and land on year 2021. The revalued amount is RM170 million and RM130 million for building and land, respectively. iii. iv. V. vi. In year 2022, the revalued amount of building is RM180 million and land RM160 million. On 1 May 2020, the company had issued one-for-four right issue shares at a price of RM2 each. Due to a new project received by the company, 10 million ordinary shares were issued amounting RM20 million on 9 January 2021. On 1 March 2021, the company bought back 7 million of its ordinary shares amounting RM7 million. On 1 November 2021, 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 2020 and 2021, respectively. Required: Prepare the Statement of Changes in Equity for the year ended 31 March 2021, and 2022.", "related_book": { "title": "Survey of Accounting", "isbn": "1285974360, 1285183487, 9781285974361, 978-1285183480", "edition": "7th edition", "authors": "Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/280.jpg", "uri": "\/textbooks\/survey-of-accounting-7th-edition-280", "see_more_uri": "\/textbooks\/business-marketing-21" }, "free_related_book": { "isbn": "3540203397", "uri": "\/textbooks\/gr-bner-bases-and-the-computation-of-group-cohomology-2003rd-edition-978-3540203391-173726", "name": "Gr Bner Bases And The Computation Of Group Cohomology", "edition": "2003rd Edition" }, "question_posted": "2024-05-27 21:11:56", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/preparethevalueanalysisscheduleandthedeterminationanddistributionofexcessschedule-under-three-alternatives-for-valuing-the-nci-a-thevalueofthenciisimpliedbythepricepaidbytheparentforthecontrollinginterest-b-themarketvalueofthesharesheldbythenciis45pershare-153725", "description": "3. Complete all parts. Let f(x) = I 2+1 on the interval [0, 2). = x 2+1 (a) Explain why the function f(x) on interval [0,2] satisfies the Mean Value Theorem. (b) find all numbers c that satisfy the...", "stars": 3 }, { "url": "\/presented-below-is-information-related-to-robbins-real-estate-agency", "description": "Presented below is information related to Robbins Real Estate Agency. Oct. 1 Lynn Robbins begins business as a real estate agent with a cash investment of $20,000 in exchange for common stock. 2...", "stars": 3 }, { "url": "\/study-help\/public-accounting\/ex-176-current-position-analysis-obj-2-a-2010-1934163", "description": "=+EX 17-6 Current position analysis obj. 2 a. 2010 working capital, $1,000,000 Income statement data for Grendel Images Company for the years ended December 31, 2010 and 2009, are as follows: 2010...", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/113-clash-between-islam-west-continued-refer-to-exercise-112-1980402", "description": "1.13 Clash between Islam, West, continued Refer to Exercise 1.12. On the other hand, worldwide, Muslims tended to put most of the blame on politics. The data from four predominately Muslim countries...", "stars": 3 }, { "url": "\/a-traditional-test-for-extra-sensory-perception-esp-involves-a", "description": "A traditional test for extra- sensory perception (ESP) involves a set of playing cards, each of which shows a different symbol (circle, square, cross, star, or wavy lines). If C represents a correct...", "stars": 3 }, { "url": "\/study-help\/questions\/which-of-the-following-manufacturing-operations-is-the-most-likely-9927667", "description": "Which of the following manufacturing operations is the most likely to use a cost-per-order system in your accounting system. Select one: to. M&M Chocolate Maker b. Crude oil refinery. c. Cruise ship...", "stars": 3 }, { "url": "\/study-help\/questions\/find-the-number-of-terms-in-the-arithmetic-sequence-5-2004139", "description": "Find the number of terms in the arithmetic sequence. {5, 12, 19, ..., 327}", "stars": 3 }, { "url": "\/study-help\/questions\/case-study-when-jeanpierre-remy-became-the-ceo-of-pages-1005530", "description": "Case Study When Jean-Pierre Remy became the CEO of Pages Jaunes in 2009, the company was in trouble. As the market leader in the fast-dying French Yellow Pages industry, the company saw its print...", "stars": 3 }, { "url": "\/study-help\/questions\/the-managing-director-of-hermes-telecommunications-plc-is-interested-in-1006591", "description": "The managing director of Hermes Telecommunications plc is interested in corporate strategy. Hermes has invested a great deal of money in established a network which competes with that of Telecom UK,...", "stars": 3 }, { "url": "\/study-help\/questions\/you-are-a-manager-of-an-him-department-and-you-1008004", "description": "You are a manager of an HIM department and you want to track how many charts each of your employees scanned and indexed. This is the data you found. On Monday, John did 10 charts, Sue did 25 charts,...", "stars": 3 }, { "url": "\/study-help\/questions\/for-the-equation-y7x3-answer-the-following-questions-what-are-1001851", "description": "For the equation y=-7x+3 answer the following questions: What are the x-intercept(s) written as ordered pair(s)? Note: If there is more than one write them separated by a comma (i.e.: (1,2), (3,4))....", "stars": 3 }, { "url": "\/study-help\/questions\/2-christmas-shoppers-that-had-purchased-a-gift-in-the-1002232", "description": "2. Christmas shoppers that had purchased a gift in the first week of December were surveyed; fifty-seven said they purchased the gift in a store. Twenty-five said they shopped both online and in...", "stars": 3 }, { "url": "\/study-help\/questions\/brady-associates-yakn-zamanda-kurulmu-bir-hukuk-ortakldr-brady-associates-8351049", "description": "Brady Associates, yakn zamanda kurulmu bir hukuk ortakldr. Brady Associates kapasiteyle alr ve her ii fiyatlandrmak (faturalandrmak) iin maliyete dayal bir yaklam kullanr. u anda, tek bir dorudan...", "stars": 3 }, { "url": "\/study-help\/elementary-statistics-a-step-by-step-approach\/explain-the-hawthorne-effect", "description": "Explain the Hawthorne effect.", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-financial-management-\/afn-equation-carter-corporations-sales-are-expected-to-increase-from-1665689", "description": "AFN EQUATION Carter Corporations sales are expected to increase from $5 million in 2014 to $6 million in 2015, or by 20%. Its assets totaled $3 million at the end of 2014. Carter is at full capacity,...", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-financial-management-\/afn-equation-refer-to-problem-161-what-additional-funds-would-1665688", "description": "AFN EQUATION Refer to Problem 16-1. What additional funds would be needed if the companys year-end 2014 assets had been $4 million? Assume that all other numbers are the same. Why is this AFN...", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-financial-management-\/suppose-a-firm-makes-the-following-policy-changes-if-the-1665690", "description": "Suppose a firm makes the following policy changes. If the change means that external nonspontaneous financial requirements (AFN) will increase, indicate this with a ; indicate a decrease with a ; and...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/previous-attempt-on-january-1-2024-blue-incorporated-issued-stock-1801693", "next": "\/study-help\/questions\/transfer-pricing-the-materials-used-by-the-multinomah-division-of-1801695" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " The following are the trial balance (extract) relates to World Cup", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/the-following-are-the-trial-balance-extract-relates-to-world-1801694" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }