The Statement of profit or loss of Hamidah Sdn Bhd, Salmah Sdn Bhd, and Atikah Sdn Bhd
Fantastic news! We've Found the answer you've been seeking!
Question:
The Statement of profit or loss of Hamidah Sdn Bhd, Salmah Sdn Bhd, and Atikah Sdn Bhd for the year ended 31 December 2018.
Hamidah Sdn Bhd | Atikah Sdn Bhd | |
Sales | 1,200,000 | 400,000 |
Cost of Sales | (400,000) | (200,000) |
800,000 | 200,000 | |
Operating expenses | (150,000) | (80,000) |
Dividends from Atikah Sdn Bhd | 5,000 | |
655,000 | 120,000 | |
Taxation | (150,000) | (40,000) |
Profit after tax | 505,000 | 80,000 |
Additional Information:
- Hamidah Sdn Bhd acquired 75% of the issued ordinary shares of Atikah Sdn Bhd on 1 January 2018.
- ii. Investment in Atikah Sdn Bhd was tested for impairment and impaired by RM2,500 as at 31 December 2018.
Required
: Prepare the consolidated statement of profit or loss for the year ended 31 December 2018.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Posted Date: