Green Berhad acquired 100% ordinary shares of Pink Berhad. Below are the statements of the financial...
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Green Berhad acquired 100% ordinary shares of Pink Berhad. Below are the statements of the financial position of Green Berhad and Pink Berhad. Non-current assets Current assets Investment in Pink Berhad Non-current liability Current liabilities Ordinary shares Retained earnings Green Berhad (RM) Pink Berhad (RM) 300,000 400,000 500,000 200,000 50,000 600,000 350,000 500,000 50,000 100,000 50,000 200,000 200,000 Required: Calculate goodwill. Record the relevant journal entries. Prepare the consolidated statement of financial position. Green Berhad acquired 100% ordinary shares of Pink Berhad. Below are the statements of the financial position of Green Berhad and Pink Berhad. Non-current assets Current assets Investment in Pink Berhad Non-current liability Current liabilities Ordinary shares Retained earnings Green Berhad (RM) Pink Berhad (RM) 300,000 400,000 500,000 200,000 50,000 600,000 350,000 500,000 50,000 100,000 50,000 200,000 200,000 Required: Calculate goodwill. Record the relevant journal entries. Prepare the consolidated statement of financial position.
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Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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