The following information was extracted from the records of Lodh Ltd for the year ended 30 June 2021.   Lodh LTD Statement of financial position (extract) As at 30 June 2021 Relevant Assets         Accounts Receivable   $50,000     Allowance for doubtful debts   (4,000) $46,000   Prepaid rent     42,000   Plant   200,000     Accumulated depreciation – Plant (25% on cost)   (50,000) 150,000 DTA beginning balance   1,000   …       Relevant Liabilities       Interest Payable     2,000 Provision for long service leave     10,000 Unearned revenue     20,000 DTL beginning balance     5,000 …         Additional information ·                The tax depreciation for plant is considered at 30% of $200,000 (original cost) at 30 June 2021. ·                Long service leave has not been taken by any employee during the year. ·                There was beginning balances for DTA and DTL respectively as have been indicated in the statement of financial position. ·                The tax rate is 30%. Required: Prepare a (partial) deferred tax worksheet to identify the TTD and DTD from the above information [You are required to input CA (Carrying Amount) and TB (tax Base) only in the response template to determine the TTD (DTL) and DTD (DTA). As well, you are required to calculate the deferred tax amounts and prepare the journal entry]

Sunland Company reported net income of $196,300for 2022, Sunland also reported depreciation expense of $47,800and a loss of $5,000on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $10,100for the year, a $12,100increase in accounts payable, and a $4,400increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis es (15,000)) SUNLAND COMPANY Partial Statement of Cash Flows For the Year Ended December 31,2022 Adjustments to reconcile net income to <

The following trial balance relates to Queenie as at 30 September 2019: RM'000RM'000 Revenue (note  (i)) 312,890 Cost of sales 148,900 Distribution costs 42,125 Administrative expenses (note  (ii))34,680 Loan note interest and dividend paid (notes (ii) and (iii)) 19,500 Investment income3200 Equity shares of 25 cents each 50,000 5% loan note (note  (ii)) 30,000 Retained earnings at 1 October 20187,300 Plant and equipment at cost (note  (iv)) 90,000 Accumulated depreciation at 1 October 2018: plant and equipment 32,400 Equity financial asset investments (note  (v))40,000 Inventory at 30 September 201930,040 Trade receivables 42,900 Bank10,845 Current tax (note  (vi)) 1,100 Deferred tax (note (vi)) 900 Trade payables23,400 460090460090 The following notes are relevant:  (i) On 1 October 2018, Queenie sold one of its products for RM12 million  (included in revenue in the trial balance). As part of the sale agreement, Queenie is committed to the ongoing servicing of this product until 30…

The comparative balance sheet of Gus Company at December 31, 2024 and 2023 appears below:Assets:12/31/202412/31/2023Cash$  53,000 $ 120,000 Accounts receivable (net)37,000 48,000 Inventories108,500 100,000 Equipment573,200 450,000 Accumulated depreciation-equipment (142,000) (176,000) $629,700 $542,000 Liabilities & Stockholders Equity:  Accounts payable$  62,500 $  43,800 Bonds payable, due June 20240 100,000 Common stock, $10 par335,000 285,000 Paid-in capital in excess of par - Common stock74,000 55,000 Retained earnings  158,200     58,200  $629,700 $542,000  The income statement for the year ended December 31, 2024 appears below:Sales $625,700 Cost of merchandise sold   340,000 Gross profit 285,700 Operating expenses (includes $26,000 depreciation expense)     94,000 Operating Income 191,700 Interest expense      6,000Income before income tax 185,700 Income tax     60,700 Net income $125,000  Also in 2024, fully depreciated equipment costing $60,000 was scrapped at no salvage…