Dayang Berhad acquired 100% ordinary shares of Daia Berhad on 1st June 20XX. Below are the...

 

Transcribed Image Text:

Dayang Berhad acquired 100% ordinary shares of Daia Berhad on 1st June 20XX. Below are the statements of financial position of Dayang Berhad and Daia Berhad. Machinery Plant, property and equipment Vehicles Inventories Account receivables Investment in Daia Berhad Account payables Long-term loans Ordinary shares Retained earnings Dayang Berhad (RM) 2,000,000 11,000,000 500,000 3,500,000 700,000 9,300,000 1,100,000 5,000,000 13,000,000 7,900,000 Calculate goodwill. ii. Record the relevant journal entries. iii. Prepare the consolidated statement of financial position. Daia Berhad (RM) 5,000,000 100,000 500,000 300,000 200,000 5,000,000 700,000 Dayang Berhad acquired 100% ordinary shares of Daia Berhad on 1st June 20XX. Below are the statements of financial position of Dayang Berhad and Daia Berhad. Machinery Plant, property and equipment Vehicles Inventories Account receivables Investment in Daia Berhad Account payables Long-term loans Ordinary shares Retained earnings Dayang Berhad (RM) 2,000,000 11,000,000 500,000 3,500,000 700,000 9,300,000 1,100,000 5,000,000 13,000,000 7,900,000 Calculate goodwill. ii. Record the relevant journal entries. iii. Prepare the consolidated statement of financial position. Daia Berhad (RM) 5,000,000 100,000 500,000 300,000 200,000 5,000,000 700,000

Answer rating: 100% (QA)

1 Calculate Goodwill GoodwillCost of InvestmentFair Value of Identifiable Net Assets Goodwill93000005000000100000500000300000200000 Goodwill9300000610... View the full answer