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URGENT!! Definitely will upvote!! a) 99 SPEED Group reported net income of RM 300,000 for the year ended 2022. The following is the group's additional
URGENT!! Definitely will upvote!!
a) 99 SPEED Group reported net income of RM 300,000 for the year ended 2022. The following is the group's additional items. Students are required to exhibit the Statement of Comprehensive Income. i) The group purchased 10,000 Felda Company share at RM10 per share at the middle of 2022. The investment is treated as "available for sales". The value of the shares is RM8 at the end of 2022. ii) The group purchased 100,000 IOI Company bond at RM100 per bond at the beginning of 2022. The investment is treated as "hold to maturity". The value of the bond is RM112 at the end of 2022. The maturity date of the bond is year 2032. iii) The group purchased 1,000 KL Kepong Company bond at RM100 per bond at the beginning of 2022. The investment is treated as available for sales". The value of the bond is RM90 at the end of 2022. The maturity date of the bond is year 2027. iv) The group purchased 1,000 Dialog Company bond at RM100 per bond at the beginning of 2022. The investment is treated as "Trading. The value of the bond is RM90 at the end of 2022. a) 99 SPEED Group reported net income of RM 300,000 for the year ended 2022. The following is the group's additional items. Students are required to exhibit the Statement of Comprehensive Income. i) The group purchased 10,000 Felda Company share at RM10 per share at the middle of 2022. The investment is treated as "available for sales". The value of the shares is RM8 at the end of 2022. ii) The group purchased 100,000 IOI Company bond at RM100 per bond at the beginning of 2022. The investment is treated as "hold to maturity". The value of the bond is RM112 at the end of 2022. The maturity date of the bond is year 2032. iii) The group purchased 1,000 KL Kepong Company bond at RM100 per bond at the beginning of 2022. The investment is treated as available for sales". The value of the bond is RM90 at the end of 2022. The maturity date of the bond is year 2027. iv) The group purchased 1,000 Dialog Company bond at RM100 per bond at the beginning of 2022. The investment is treated as "Trading. The value of the bond is RM90 at the end of 2022Step by Step Solution
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