Solution-Prepare the consolidated statement of financial

Prepare the consolidated statement of financial position

Assignment Help Financial Accounting

Reference no: EM132855566

Question - Below are the statements of financial position for Abang Berhad and Adik Berhad as at 30 September 2019.

Statement of Financial Position
	Abang Berhad RM'000	Adik Berhad RM'000
Ordinary share capital	1,200	400
Retained profits	800	200
Total Liabilities	80	60
	2,080	660
Non-current assets	800	340
Investment - Adik Berhad	800	-
Current assets	480	320
	2,080	660

Abang Berhad acquired the 400,000 ordinary share capital of Adik Berhad by paying RM800,000 cash.

Required -

a) Compute the goodwill arise form that transaction.

b) Prepare Consolidation Journal Entry.

c) Prepare the consolidated statement of financial position as at 30 September 2019.

Reference no: EM132855566

Questions Cloud

Describe active gangs in community : Describe active gangs in your community (or others) and discuss three strategies a police department could use to curtail each gang's membership

Is the new drug more effective than the previous one : A commonly used drug for treating COVID-19 is believed to be only 60% effective. Experimental trials with a new drug administered to 100 affected adults

Discusses law enforcement contact with gangs : Discusses law enforcement contact with gangs, victims of human trafficking, the homeless, and the mentally ill, groups representing additional facets

What is the probability of flipping coin three consecutive : a. If two standard dice are rolled in classical probability, how many possible outcomes are there? 12, 36, 18, 6

Prepare the consolidated statement of financial position : Abang Berhad acquired the 400,000 ordinary share capital of Adik Berhad by paying RM800,000 cash. Prepare the consolidated statement of financial position

What is the probability that two durians : What is the probability that two durians from that basket have a combined weight of more than 3.2kg?

What is a dying declaration : What is a dying declaration? Must a declarant actually state that he or she is aware of imminent death before the statement is admissible?

Are deadbeat statements about the past attempt to kill : Are Deadbeat's statements about the past attempt to kill Mother privileged under the attorney-client privilege? Please explain your answer.

Find the 96th percentile of the distribution of emotional : Emotional Quotient (EQ) score on the least version of Sirug EQ Test are transformed so as follow a normal distribution with a mean of 110 and standard deviation

User Account

All Pages

Prepare the consolidated statement of financial position

Reference no: EM132855566

Reference no: EM132855566

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT