User Account

All Pages

How construction costs incurred on the building was

Assignment Help Financial Accounting
Reference no: EM132567646

Question 1: On 1 May 2018, Teguh Bhd constructed a 20-storey building in Bestari Jaya. The estimated cost of construction was RM15,000,000 and it was scheduled to be completed on 31 March 2020. On 1 April 2018, Teguh Bhd obtained a 2 year-term loan of RM10,000,000 to ease the cash flow problem during the construction of the new building. The loan carried an interest rate of 9% per annum. The company invested RM500,000 of the loan in a 4-month fixed deposit from 1 July 2018 till 31 October 2018 earning a return of 12% per year. The construction was interrupted for 3 months from 1 February to 30 April 2019 due to problems with the construction workers. The building was finally completed as scheduled. Construction costs incurred on the building was RM13,400,000 (excluding borrowing costs).

Reference no: EM132567646

Questions Cloud

Explain the accounting treatment for the cost incurred : Explain the accounting treatment for the cost incurred during the research and development phase in accordance with MFRS138 Intangible Assets.
Why a company might benefit from hiring someone to hack : Go online and search for information that relates to ethical hacking (white hat or gray hat hacking). Choose one of these areas to explain why a company might.
Primary responsibilities and priorities of irb : Explain the primary responsibilities and priorities of the IRB. Identify an organization, such as a research hospital or pharmaceutical company,
Can the same hold true for corporate enterprises today : Do you foresee that the traditional computer will be replaced by mobile and smart technologies as a primary device form factor in the near future?
How construction costs incurred on the building was : The building was finally completed as scheduled. Construction costs incurred on the building was RM13,400,000 (excluding borrowing costs).
What is the state of cybersecurity viz digital forensics : What is the state of cybersecurity viz. digital forensics as its function to mitigate risk and solve incidents? What are some of the prominent, open-course.
Prepare journal entries for power outages : Prepare journal entries for Power outages. Power outages and machine breakdowns within the plant in the factory are some common disruption occurred
Identify erikson developmental stage : Apply Erikson's theory to your own development and identify which of Erikson's developmental stages you are in currently.
How were business drivers impacted by the breach : Many types of systems are networked together, and the number of devices that are added to this network increases every year. With this explosive growth.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd