Abamanza limited reported a profit before tax of 450,000 cedis. The profit was arrived at after considering; provision for doubtful debt of 5000 cedis, Specific bad debt written off 2,000 cedis, depreciation 4000, financial gain 10,000, financial cost 30,000. Capital allowance of 5,000. Calculate the Adjusted Chargeable income of ABC limited? A. 470,000 cedis B. 474,000 cedis C. 479,000 cedis D. 476,000 cedis E. 475,000 cedis

Fynna limited reported a profit before tax of 200,000 cedis. The profit was arrived at after considering; provision for doubtful debt of 15000 cedis, Specific bad debt written off 2,000 cedis, depreciation 5000, financial gain 20,000, financial cost 30,000. Capital allowance of 5,000. Calculate the Adjusted Chargeable income of the company? A. 230,000 cedis B. 225,000 cedis C. 235,000 cedis D. 240,000 cedis E. 250,000 cedis

Dannyman limited reported a profit before tax of 2,000 cedis. The profit was arrived at after considering; provision for doubtful debt of 5000 cedis, Specific bad debt written off 2,000 cedis, depreciation 4000, financial gain 5,000, financial cost 41,000. Capital allowance of 5,000. Calculate the allowable financial cost of the company? A. 14,000 cedis B. 10,000 cedis C. 22,000 cedis D. 25,000 cedis E. 15,000 cedis

You have been given the following information relating to Cecair Sdn. Bhd. (Cecair): Statement of profit or loss for the year ended 31 December 2022 RM’000 Revenue 75,000 Cost of sales (35,000) Gross profit 40,000 Other income 375 Distribution costs (11,000) Administrative expenses (7,750) Finance costs (2,250) Profit before tax 19,375 Tax expenses (3,125) Profit for the year 16,250 Statements of financial position as at 31 December 2022 2021 Non-current assets RM’000 RM’000 Property, plant and equipment 125,000 120,000 Current assets Inventories 32,500 38,250 Trade receivables 15,000 18,550 Fixed deposits 3,750 2,700 Cash at bank 1,250 5,000 52,500 64,500 177,500 184,500 Equity and liabilities Share capital 90,000 76,000 Retained earnings 43,750 37,250 Total equity 133,750 113,250 Non-current liabilities 5% bank loan 7,900 29,000 Current liabilities Trade payables 27,500 32,000 Tax payable 850 500 Dividend payable 250 550 Bank overdraft 7,250 9,200 35,850 42,250 177,500 184,500 Additional information: 1. Profit before tax of RM19,375,000 is stated after charging depreciation of RM6,875,000 which was included in both administrative expenses and distribution costs. 2. Other income stated in the statement of profit or loss is interest received on the fixed deposits. 3. Salaries paid to employees for both administrative and marketing departments amounted to RM3,000,000 and RM5,000,000 respectively. 4.During the year, the company sold a property for RM7,000,000, realising a gain of RM2,000,000. The administrative expenses shown in the statement of profit or loss included this gain on disposal. There were no other disposals of property, plant and equipment during the year. 5. The breakdown of property, plant and equipment is as follows: 2022 2021 Cost 164,750 155,500 Accumulated depreciation (39,750) (35,500) Carrying amount 125,000 120,000 Required: Prepare the statement of cash flows of Cecair Sdn. Bhd. for the year ended 31 December 2022 in accordance with IAS 7 Statement of Cash Flows, using the direct method. You are required to show all relevant workings.

5. One of the employees was given an advance salary of RM700.6. The owner took goods worth RM2,000 and cash RM1,500 for personal use.7. The following expenses are still outstanding as at 31 December 2017.General expenses RM600Utilities RM250Required:a) Prepare the Statement of profit or loss for the year ended 31 December 2017b) Prepare the Statement of financial position as at 31

A Limited acquired 100% of the share capital of B Limited for $765000. B Limited had total shareholder's equity of $400000. Thebook values of B Limited's assets were: buildings $100000, machinery $180000. The fair values of these assets were: buildings6290000. machinery $350000. The tax rate is 30%. The acqisition analysis wil determine goodwill or gain on bargain purchase