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Problem 1: Purification in Islamic mutual fund can be done in two (2) ways;
A) Capital gain and loss purification.
B) Non-halal and cleansing purification.
C) Dividend and impermissible income purification.
D) Management and earning purification.
Problem 2: Miss Rina approaches an Islamic bank and applies for financing under the concept of BBA. The purchase price of the house is RM800,000 and the profit rate offered is 7 percent. The financing period is 15 years and she has to pay the selling price in 180 equal monthly installments. Calculate the total profit of the bank given the annuity factor based on 0.008988.
A) RM7,190.40
B) RMM1,294,272
C) RM56,000
D) RM494,272
What is the balance of the Woodsley, Capital account as reported on the post closing trial balance? What total amount of the liability accounts reported
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Jumbo, Inc. had sales of $8,000 in November, $14,000 in December, and projects sales of $10,000 in January, $12,000 in February, and $8,000 in March. The firm's COGS in any given month is equal to 70 percent of the next month's sales. What are Jumbo'..
Kimberly-Anne Stevenson, If the the ACB of the policy is $ 62,300 and she surrenders the policy for the CSV, what would be her taxable income?
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The bonds are sold on November 1, 2019 for $1,412,500 plus accrued interest. Prepare all entries required to properly record the sale.
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