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On 10 October 2014, Cool Bhd (Cool) paid a deposit for the purchase of a property, although there was no written agreement. The legal title of the property was transferred to Cool on 4 April 2016 and Cool paid the full consideration to the seller on 12 June 2016. In 2018, Cool decided to sell the property and found a suitable purchaser. On 18 November 2018 it entered into a sales and purchase agreement (SPA) with the purchaser. The full consideration was received by Cool on 26 May 2019, and the legal title was transferred on 2 June 2019. The chargeable gain arising on the sale was RM500,000. Problem 1: What is the real property gains tax (RPGT) payable by Cool Bhd on the sale of the property? A. RM150,000 B. RM100,000 C. RM25,000 D. RM75,000
Identify and analyze the adjustment to be recorded on December 31
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Question - You are about to buy a business that is worth $200,000, Explain the advantages of equity financing and debt financing
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