Reference no: EM132984717
Question
Bank BBB BerhadStatement of Financial Position as at 30 June 2017Assets
Cash and balances with banks and agents - RM 155,000,000
Deposits and placements with financial institutions - RM 2,010,500,000
Held-for-trading securities - RM 1,420,500,000
Available-for-sale securities - RM 490,200,000
Statutory deposits with Bank Negara Malaysia - RM 250,500,000
Financing of customers - RM 3,800,300,000
Tax recoverable - RM 9,200,000
Bills receivable - RM 127,300,000
Fixed Assets - RM 350,000,000
TOTAL= 8,613,500,000
Liabilities
Deposit from customers - RM 7,350,000,000
Deposits and placements of banks and other financial
institutions - RM 50,500,000
Bills payable - RM 65,500,000
Shareholders' Funds
Share capital - RM 500,000,000
Reserves - RM 647,500,000
TOTAL= RM 8,613,500,000
Additional Information at the end of the year:
i. It is found that 10% of the bills receivable is non- recoverable and need to be written off. This provision has not been provided in the above Statement of Financial Position.
ii. A total of RM400,000,000 values of Available-for-sale securities of M Berhad has been treated as a long term investment where the bank has no intention to liquidate and the bank intends to become the major shareholder of M Berhad.
Required:
Propose the amount of zakat payable by Bank BBB Berhad for the financial year ended 30 June 2017 based on the two recommended methods of AAOIFI's FAS 9.
|
Calculate the annual profit or loss of the business
: Calculate the annual profit or loss of the business with the expected number of shows planned for the year. Calculate the contribution margin per ticket sold.
|
|
What is the variable cost per unit
: Asco Company has a relevant range of production between 15,000 and 30,000 units. If 25,000 units are produced, what is the variable cost per unit
|
|
Make journal entries to update depreciation
: Assume the machinery is sold for P5,200 instead of P10,500. Prepare journal entries to (a) update depreciation for 2020 and (b) record the sale.
|
|
Prepare journal entry to update depreciation and record sale
: The machinery is sold on September 1, 2020, for P10,500. Prepare journal entries to update depreciation for 2020 and record the sale.
|
|
Propose the amount of zakat payable
: Propose the amount of zakat payable by Bank BBB Berhad for the financial year ended 30 June 2017 based on the two recommended methods of AAOIFI's FAS 9
|
|
Prepare the journal entry to record transaction for sato ltd
: Prepare the journal entry to record this transaction if Sato uses the deferred revenue approach, and the reduction of asset approach.
|
|
Prepare slaton entry to record the exchange
: The used truck cost P20,000, The new truck is worth P35,000. Slaton also made a cash payment of P33,000. Prepare Slaton's entry to record the exchange.
|
|
Determine the number of weighted encounters
: Determine the number of weighted encounters under the assumption that the assigned weight is 4.0 and determine the revenue budget for the hospital
|
|
Prepare cheng entry to record the exchange
: Cheng SE traded a used truck, The new truck is worth P37,000. Cheng also made a cash payment of P36,000. Prepare Cheng's entry to record the exchange.
|