2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 RM 2019 RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables 5,600 6,400 900 12,400 8,200 Bank Cash 220 200 13,120 68,840 20,800 80,200 TOTAL ASSETS Financed by: Capital account : Balance as at 1 January Add : Net Profit 52,540 21,160 10.000 83,700 (21.600) 37,040 35,200 Cash introduced 72,240 (19,700) Less : Drawings 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft 6,300 3,006 16.300 68,840 94 18.100 80,200 TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500. Prepared by: Puan Siti Nor Junita Mohd Radzi Required: Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31 December 2019.

2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 RM 2019 RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables 5,600 6,400 900 12,400 8,200 Bank Cash 220 200 13,120 68,840 20,800 80,200 TOTAL ASSETS Financed by: Capital account : Balance as at 1 January Add : Net Profit 52,540 21,160 10.000 83,700 (21.600) 37,040 35,200 Cash introduced 72,240 (19,700) Less : Drawings 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft 6,300 3,006 16.300 68,840 94 18.100 80,200 TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost RM5,500. Prepared by: Puan Siti Nor Junita Mohd Radzi Required: Prepare Statement of Cash Flow for Gangsa Perak Sdn Bhd for the ended 31 December 2019.

Name: 04:1894%+ Tutorial 12.pdfPrepared by: Puan Siti Nor Junita Mohd Radzi
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Description: 04:1894%+ Tutorial 12.pdfPrepared by: Puan Siti Nor Junita Mohd Radzi2. The following Statement of Financial Position was extracted from the books ofGagah Perkasa Sdn Bhd at 31 December 2018 and 2019.Gagah Perkasa Sdn BhdStatement of Financial Posit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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The following Statement of Financial Position was extracted from the books ofGagah Perkasa Sdn Bhd at 31 December 2018 and 2019.Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December2018 2019RM RM RM RM Non-current AssetsBuildings 50,000 50,000Fixtures less Depreciation 1,800 2,000Van less Depreciation 3,920 7,40055,720 59,400 Current AssetsInventory 5,600 12,400Trade accounts receivables 6,400 8,200Bank 900 -Cash 220 200 13,120 20,800TOTAL ASSETS 68,840 80,200Financed by :Capital account :Balance as at 1 January 37,040 52,540Add : Net Profit 35,200 21,160Cash introduced - 10,00072,240 83,700Less : Drawings (19,700) (21,600) 52,540 62,100 Non-current LiabilitiesLoan (repayable in 10 years’ time) 10,000 15,000Current LiabilitiesAccount payable 6,300 3,006Bank overdraft - 94TOTAL LIABILITIES 16,300 18,100TOTAL LIABILITIES AND CAPITAL 68,840 80,200Additional information at 31 December 2019: Fixtures bought in 2019 cost RM400. Van bought in 2019 cost RM5,500. Prepared…
ShafNita Sdn. Bhd. Statement of Financial Position as at 31 December Non Current Assets 2019 2020 RM RM RM. RM Building Fixtures less accumulated depreciation Van less accumulated depreciation 100,000 3,600 7.840 111,440 100,000 4,000 14.800 118,800 Current Asset Inventory Trade account receivable 11,200 12,800 1,800 24,800 16,400 Bank Cash 440 400 Total assets 26,240 41,600 Finance by: Саpital account: Balance at 1 January Add: Net profit for the year 137,680 160,400 74,080 70,400 105,080 42,320 20,000 Cash introduced Less: Drawings Non Current Liabilities Loan (repayable in 10 years time) 144,480 167,400 Current Liablities Account Payable (39.400) 105,080 (43.200) 124,200 Bank overdraft 20,000 30,000 Retained earnings Total liabilities and equity 12,600 6,012 188 32,600 36,200 137,680 160,400
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The following statements was extracted from the books of ShafNita Sdn. Bhd. at 31 December2019 and 2020. ShafNita Sdn. Bhd. Statement of Financial Position as at 31 December2019 2020RM RM RM RM Non Current AssetsBuilding 100,000 100,000Fixtures less accumulated depreciation 3,600 4,000Van less accumulated depreciation 7,840 14,800111,440 118,800 Current AssetInventory 11,200 24,800Trade account receivable 12,800 16,400Bank 1,800 -Cash 440 400 26,240 41,600Total assets 137,680 160,400Finance by:Capital account:Balance at 1 January 74,080 105,080Add: Net profit for the year 70,400 42,320Cash introduced - 20,000144,480 167,400Less: Drawings (39,400) (43,200)105,080 124,200 Non Current LiabilitiesLoan (repayable in 10 years time) 20,000 30,000Current LiablitiesAccount Payable 12,600 6,012Bank overdraft - 188Retained earnings 32,600 36,200Total liabilities and equity 137,680 160,400 Additional information at 31 December 2020:  Fixtures bought in 2020 cost RM800. Van bought in 2020 cost…
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The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019 Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 2019 RM RM RM RM Non-current Assets Buildings 50,000 50,000 Fixtures less Depreciation 1,800 2,000 Van less Depreciation 3,920 7,400 55,720 59,400 Current Assets Inventory 5,600 12,400 Trade accounts receivables 6,400 8,200 Bank 900 - Cash 220 200 13,120 20,800 TOTAL ASSETS 68,840 80,200 Financed by : Capital account : Balance as at 1 January 37,040 52,540 Add : Net Profit 35,200 21,160 Cash introduced - 10,000 72,240 83,700…
2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 2019 RM RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables Bank Cash 5,600 6,400 12,400 8,200 900 220 13,120 68,840 200 20,800 80,200 TOTAL ASSETS Financed by : Capital account : Balance as at 1 January Add : Net Profit Cash introduced 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Less : Drawings 72,240 (19.700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft 6,300 3,006 TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 16.300 68,840 94 18.100 80,200 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019…
2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 2019 RM RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables Bank 5,600 6,400 900 12,400 8,200 Cash 220 200 13,120 68,840 20,800 80,200 TOTAL ASSETS Financed by: Capital account : Balance as at 1 January Add : Net Profit 37,040 35,200 52,540 21,160 10.000 83,700 (21.600) Cash introduced Less : Drawings 72,240 (19,700) 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years' time) 10,000 15,000 Current Liabilities Account payable Bank overdraft 6,300 3,006 94 18.100 80,200 TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 16.300 68,840 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019…
2. The following Statement of Financial Position was extracted from the books of Gagah Perkasa Sdn Bhd at 31 December 2018 and 2019. Gagah Perkasa Sdn Bhd Statement of Financial Position as at 31 December 2018 2019 RM RM RM RM Non-current Assets Buildings Fixtures less Depreciation Van less Depreciation 50,000 1,800 3,920 55,720 50,000 2,000 7,400 59,400 Current Assets Inventory Trade accounts receivables 12,400 8,200 5,600 6,400 900 Bank Cash 220 200 20,800 13,120 68.840 TOTAL ASSETS 80.200 Financed by: Capital account: Balance as at 1 January Add: Net Profit Cash introduced 52,540 21,160 10,000 83,700 (21.600) 37,040 35,200 72,240 (19.700) Less: Drawings 52,540 62,100 Non-current Liabilities Loan (repayable in 10 years time) 10,000 15,000 CurrentLiabilities Account payable Bank overdraft TOTAL LIABILITIES TOTAL LIABILITIES AND CAPITAL 6,300 3,006 16.300 68.840 94 18.100 80,200 Additional information at 31 December 2019: • Fixtures bought in 2019 cost RM400. • Van bought in 2019 cost…