Please donot provide the solution in image format and it should be in step by step format and provide solution asap (Question 3)The following are the trial balance (extract) relates to Jasnee Bhd. as of 1April 2019.Ordinary sharesRetained earningsRevaluation reserveLand and building at costMotor vehicle at costAccumulated depreciation of buildingAccumulated depreciation of motorvehicleAdditional information:(1)RM'000300,000150,000RM'000220,00010,60030,00036,00030,400The profit before tax for 2020 and 2021 is RM19 million and RM25million, respectively. Tax is 25%.(ii) The cost of building is 60% and land 40%. Jasnee Bhd had revaluedits building and land on year 2020. The revalued amount is RM170million and RM130 million for building and land, respectively.(iii) In year 2021, the revalued amount of building is RM180 million andland RM160 million.Required:(iv)On 1 May 2019, the company had issued one-for-four right issueshares at a price of RM2 each.(v)Due to a new project received by the company. 10 million ordinaryshares were issued amounting RM20 million on 9 January 2020.(vi)On 1 March 2020, the company bought back 7 million of its ordinaryshares amounting RM7 million. On 1 November 2020, the companyissue 3 million ordinary shares. The price of the share was RM2 each.(vii) The company paid dividend of RM2.5 million and RM2.9 million foryear 2019 and 2020, respectively.Prepare the Statement of Changes in Equity for the year ended 31 March2020 and 2021.

The equity section of the balance sheet is also known as stockholders' equity of the firm. It…

The following are the trial balance (extract) relates to Jasnee Bhd. as of 1 April 2019. Ordinary shares Retained earnings Revaluation reserve Land and building at cost Motor vehicle at cost Accumulated depreciation of building Accumulated depreciation of motor vehicle RM'000 300,000 150,000 RM'000 220,000 10,600 30,000 36,000 30,400

The following are the trial balance (extract) relates to Jasnee Bhd. as of 1 April 2019. Ordinary shares Retained earnings Revaluation reserve Land and building at cost Motor vehicle at cost Accumulated depreciation of building Accumulated depreciation of motor vehicle RM'000 300,000 150,000 RM'000 220,000 10,600 30,000 36,000 30,400

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 3P

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