On 1 January 2017, VMS Bhd, owns 50% of JV Sdn.Bhd., the joint venture. The following...

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On 1 January 2017, VMS Bhd, owns 50% of JV Sdn.Bhd., the joint venture. The following are the financial statements of VMS Bbd, and JV Sdo. Bhd. at 31 December 2017. Statement of Financial Position 31 December 2017 Non-Current Assets Investment at JV at cost Current Assets Total Assets Current Liabilities Non-current Liabilities Net Assets Equity acb86958-7277-41ae-a014- 2d9fd26a2419.png Type: PNG File Shareholders Size: 82.5 KB Retained Ear Dimension: 481 x 410 pixels Income Statement 31 December 2017 Revenue Cost of sales Other expenses Net Income VMS Bhd RM '000 1,000 60 340 120 1,400 280 (50) (20) (250) (60) 1,100 200 700 400 1,100 VMS Bnd RM ¹000 JV Sdn. Bhd. RM '000 160 1,200 (600) (200) 1,400 120 80 200 Using the equity method, what is the value of the investment in JV (in RM) Using the equity method, what is the value of the total assets in RM Using the equity method, what is the Share of profit of JV in RMI Using the equity method, calculate the net income of JV in RM JV Sdn. Bbd. RM '000 300 (160) (60) 80 On 1 January 2017, VMS Bhd, owns 50% of JV Sdn.Bhd., the joint venture. The following are the financial statements of VMS Bbd, and JV Sdo. Bhd. at 31 December 2017. Statement of Financial Position 31 December 2017 Non-Current Assets Investment at JV at cost Current Assets Total Assets Current Liabilities Non-current Liabilities Net Assets Equity acb86958-7277-41ae-a014- 2d9fd26a2419.png Type: PNG File Shareholders Size: 82.5 KB Retained Ear Dimension: 481 x 410 pixels Income Statement 31 December 2017 Revenue Cost of sales Other expenses Net Income VMS Bhd RM '000 1,000 60 340 120 1,400 280 (50) (20) (250) (60) 1,100 200 700 400 1,100 VMS Bnd RM ¹000 JV Sdn. Bhd. RM '000 160 1,200 (600) (200) 1,400 120 80 200 Using the equity method, what is the value of the investment in JV (in RM) Using the equity method, what is the value of the total assets in RM Using the equity method, what is the Share of profit of JV in RMI Using the equity method, calculate the net income of JV in RM JV Sdn. Bbd. RM '000 300 (160) (60) 80

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To calculate the value of the investment in JV the total assets the share of profit of JV and the ne... View the full answer