Question: Please help me i will give you good rating Question 3 (a) On 1 January 2020. Thunder Berhad acquired 700,000 out of the 2.500.000 ordinary

Please help me i will give you good rating

Please help me i will give you good rating Question 3 (a)

Question 3 (a) On 1 January 2020. Thunder Berhad acquired 700,000 out of the 2.500.000 ordinary shares in Thriving Sdn Bhd for RM144.000. For the year ended 31 December 2020. Thriving Sdn Bhd's net profit after tax was RM165,600 and dividend of RM33,000 was paid. An asset was revalued and a revaluation reserve of RM22,800 was generated. | Compute the shareholding of Thunder Berhad in Thriving Sdn Bhd. (ii) Prepare the relevant journal entries to record the investment of Thunder Berhad in Thriving Sdn Bhd and the financial results of Thriving Sdn Bhd for the year ended 31 December 2020

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