QUESTION 4 Tulip Berhad sold goods to Mawar Berhad for RM1.5 million. The margin was 20%...
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QUESTION 4 Tulip Berhad sold goods to Mawar Berhad for RM1.5 million. The margin was 20% on the selling price which was the normal mark-up rate charged by the industry players. Tulip Berhad does not acquire any ordinary shares in Mawar Berhad. However, Mawar Berhad is owned by the daughters of the CEO of Tulip Berhad. Required: Discuss the requirement of MFRS 124 Related Parties Disclosures in relation to the transaction. QUESTION 4 Tulip Berhad sold goods to Mawar Berhad for RM1.5 million. The margin was 20% on the selling price which was the normal mark-up rate charged by the industry players. Tulip Berhad does not acquire any ordinary shares in Mawar Berhad. However, Mawar Berhad is owned by the daughters of the CEO of Tulip Berhad. Required: Discuss the requirement of MFRS 124 Related Parties Disclosures in relation to the transaction.
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MF RS 124 Related Parties Dis cl osures requires that an entity should disclose the nature and exten... View the full answer
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date:
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