Page 106 - Ebook Financial Accounting 3

QUESTION 5.2

Following are the Statement of Comprehensive Income For the year ended 31 December 2020
and the Statement of Financial Position for Bestari Bhd as at 31 December 2019 and 2020.

Bestari Bhd
Statement of Comprehensive Income for the year ended 31 December 2020

(RM) (RM)

INCOME

Gross Profit 89,250

Profit on Investment Sale 1,500

Investment Income 2,050 92,800

EXPENSES :

Operation Expenses 68,900

Loss on equipment sale 1,000
Interest expenses 750 (70,650)

Net Profit 22,150

Tax (6,000)

Net profit after tax 16,150

Retained Earnings (b/d) 16,800

General reserve transfer (4,000)

Interims Dividend:

Preference share 1,700

Ordinary share 2,550 (4,250)

Proposed Dividend:

Preference share 1,700

Ordinary share 3,300 (5,000)

Retained Earnings (c/d) 19,700

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