Indicaté if the following adjusting items. If they are adjusting items discuss the effect on the inancial statements. Year-end was 31 December x4 and the accounts were authorised for issue on 15 March x5. (a) Entity makes a provision for doubtful debts of 1% and the amount provided for at the end of 31 December x4 was RM500,000. On 15 January, a debtor who owed the entity RM2 million became insolvent. (b) Closing inventory was determined as RM1.5 million based on cost. Part of the inventory of RM200,000 was damaged but the store-keeper expected the goods to be sold above cost. However, these goods were sold on 19 January for RM120,000. (c) Entity signed a contract to acquire a factory building on 10 January x4. The estimated cost of the building was RM130 million. (d) On 28 February x5, the entity decided to close down its shoemaking operation which was identified as a separate operation from the rest of the entity's business. (e) The factory plant was damaged on 3 March x5 and the recoverable amount was estimated to be RM1.2 million and the carrying value was RM1.5 million. () Entity proposed the final ordinary dividend on 1 March x5. (g) The entity had provided for a contingent liability of RM425,000 but judgement made on 12 February x5 was RM500,000. (h) A civil suit was brought against the entity before the end of the financial year. The lawyers advised the company that the company would lose the case and-suffer a loss of RM1.2 million. On 10 March x5, the company and the complainant agreed to settle it out of court. The company paid RM1 million. (i) Entity was part way through the construction of an office block. The initial contract price was RM25 million. However, on 12 February x5, the contract price was revised to RM17 million.

can you explain why the answer for the third part is option number 2 from the selection of answers

PLEASE, WRITE THE SOLUTIONS ON PAPER, EXPLAINING THE ENTIRE PROCESS, THE ONLY AND CORRECT ANSWERS ARE FOR (i) V(t) = exp (-2e^0.02t + 2 ) for 0 15 (i) Derive, and simplify as far as possible, expressions in terms of t for V(t), where V(t) is the present value of a unit sum of cash flow made at time t. You should derive separate expressions for the three sub-intervals. (ii) Hence, making use of the result in part (i), calculate the value at time t = 3 of a payment of £2,500 made at time t = 15. (iii) Calculate, to the nearest 0.01%, the constant nominal annual rate of interest convertible half-yearly implied by the transaction in part (ii). (iv) Making use of the result in part (i), calculate the present value of a payment stream p(t) paid continuously from time t = 15 to t = 20 at a rate of payment at time t given by: p(t) = 300e 0.02t

Can i have the steps in formula form please

Req1-Req2 were incorrect. Can you try the problem again ?

Answer each of the following independent question: a and b

What is an invoice extension and how is it calculated?

Please show the calculations for one of them how the NRV(b is received.