Question: NOTES : ANSWER ALL QUESTION QUESTION 1 H acquired 10 million ordinary shares of S by issuing 7 million ordinary shares and RM5 million 10percent

NOTES : ANSWER ALL QUESTION

QUESTION 1

H acquired 10 million ordinary shares of S by issuing 7 million ordinary shares and RM5 million 10percent loan stock in H and paying cash of RM1 million. The market price of H's shares was RM3 each in the date of acquisition.

Required : show the journal entries in the books of H to record the acquisitiin of the shares in S

QUESTION 2

The facts are as stated in Question 1 above axcept that the fair value of H's share cannot be obtained but the fair value of S's shares was RM2.20 per share.

Required : show the journal entries in the books of H to record the acquisitiin of the shares in S

no have additional info,that the question.

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