During the last three years Abey Berhad Co has held 300,000 ordinary shares in Bamee Berhad. The issued share capital of Bamee Berhad is 1,000,000 shares totalling RM500,000. The finance director of Abey Berhad is a director of Bamee Berhad. 

Explain how the investment in Bamee Berhad should be treated in the consolidated financial statements of Abey Berhad.

Answer rating: 100% (QA)

Number of shares held by Abey Berhad Co in Bamee Berhad 300000 Iss... View the full answer