Details of CFP Sdn Bhd for the year ended 30 June 2019 are as follows.TradingbusinessRM 0001ManufacturingbusinessRM'000Business incomeGross income2,0002,400701003,000Expenditure (Note)Capital allowancesBalancing chargeCapital allowances brought forwardLoss brought forward2,40030020105Other incomeRental6050InterestNoteIncluded in expenditure were the following:ManufacturingbusinessTradingbusinessRM'000RM'000Non-deductible expenditureApproved donation in cash801502535RequiredCompute the chargeable income of CFP Sdn Bhd for Year of Assessment 2019.

Name: Details of CFP Sdn Bhd for the year ended 30 June 2019 are as follows
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Description: Details of CFP Sdn Bhd for the year ended 30 June 2019 are as follows.TradingbusinessRM 0001ManufacturingbusinessRM'000Business incomeGross income2,0002,400701003,000Expenditure (Note)Capital allowancesBalancing chargeCapital allowances brought forw

Chargeable income, which is also called taxable income, is the amount of income that is taxed after…

Business

Accounting

Details of CFP Sdn Bhd for the year ended 30 June 2019 are as follows. Trading business Manufacturing business RM 000 RM'000 Business income Gross income 2,000 3,000 Expenditure (Note) 2,400 2,400 Capital allowances 70 300 Balancing charge 100 Capital allowances brought forward 20 Loss brought forward 105 Other income Rental Interest 60 60 50 Note Included in expenditure were the following: Trading business Manufacturing business RM'000 RM 000 Non-deductible expenditure Approved donation in cash 80 25 Required Compute the chargeable income of CFP Sdn Bhd for Year of Assessment 2019. 150 35

Details of CFP Sdn Bhd for the year ended 30 June 2019 are as follows. Trading business Manufacturing business RM 000 RM'000 Business income Gross income 2,000 3,000 Expenditure (Note) 2,400 2,400 Capital allowances 70 300 Balancing charge 100 Capital allowances brought forward 20 Loss brought forward 105 Other income Rental Interest 60 60 50 Note Included in expenditure were the following: Trading business Manufacturing business RM'000 RM 000 Non-deductible expenditure Approved donation in cash 80 25 Required Compute the chargeable income of CFP Sdn Bhd for Year of Assessment 2019. 150 35

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

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2RE: Refer to RE5-1. Prepare a single-step income statement for Brandt Corporation for the current year.

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