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Question - XYZ Sdn Bhd provides bookkeeping services and has consistently invoiced its clients a total of RM35,000 per month since 2018. Due to its prudent management, XYZ Sdn Bhd has accumulated a sizeable surplus of funds. In October 2021, XYZ Sdn Bhd decided to use these funds to acquire a commercial building which in turn generated a monthly rental income of RM8,000 from November 2021. XYZ Sdn Bhd has a financial year ending on 31 December.
Required - Discuss the liability of XYZ Sdn Bhd to register under Service Tax Act 2018.
Sweet Water Inc. bottles and distributes spring water. On July 15 of the current year, Sweet Water Inc. reacquired 24,000 shares of its common stock at $60 per share.
a. Show calculations for Lease Receivable on 1/1/2014 (round your answer). b. Prepare the journal entry to record the lease on 1/1/ 2014.
Interest is payable semiannually on December 31 and July 1. How much should the bonds discount be reduced for the 6 months ended December 31, 2014
Your firm is planning to issue preferred stock. The stock sell for Rm120; What is the cost of capital for the stock to your firm?
Locate the statement of cash flows of Staples for the fiscal year ended January 29, 2011 on the Internet.
Aussie Yarn Co. is a U.S. producer of woolen yarn made from wool imported from Australia. Prepare a production cost report for the month of August
In the second year, the popper produced 12,000 buckets of popcorn. What is the accumulated depreciation after the second year
Rodriguez Company pays $379,080 for real estate with land, land improvements, and a building. Land is appraised at $265,000; land improvements are appraised.
What proportion of the individual gallon containers for this product will contain more than 5.0 fluid ounces of caustic materials?
Break the $693,000 future cash inflow into three components: the return of the original investment, Compute the present value of profit earned on the investment
?The physical inventory taken on 31st January, 2011 shows that there are 600 units ?in hand. Compute the inventory value on January by FIFO method
Transactions involving sales and cash receipts for the firm during April 2016 follow, along with the general ledger accounts used to record these transactions
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