FAR5 - Chapter 7: Consolidated Statement of Financial Position Question 1 Dayang Berhad acquired 100% ordinary shares of Daia Berhad on 1st June 20XX. Below are the statements of financial position of Dayang Berhad and Daia Berhad. Machinery Plant, property and equipment Vehicles Inventories Account receivables Investment in Daia Berhad Account payables Long-term loans Ordinary shares Retained earnings Dayang Berhad (RM) 2,000,000 11,000,000 500,000 3,500,000 700,000 9,300,000 1,100,000 5,000,000 13,000,000 7,900,000 i. Calculate goodwill. ii. Record the relevant journal entries. iii. Prepare the consolidated statement of financial position. Daia Berhad (RM) 5,000,000 100,000 500,000 300,000 200,000 5,000,000 700,000
FAR5 - Chapter 7: Consolidated Statement of Financial Position Question 1 Dayang Berhad acquired 100% ordinary shares of Daia Berhad on 1st June 20XX. Below are the statements of financial position of Dayang Berhad and Daia Berhad. Machinery Plant, property and equipment Vehicles Inventories Account receivables Investment in Daia Berhad Account payables Long-term loans Ordinary shares Retained earnings Dayang Berhad (RM) 2,000,000 11,000,000 500,000 3,500,000 700,000 9,300,000 1,100,000 5,000,000 13,000,000 7,900,000 i. Calculate goodwill. ii. Record the relevant journal entries. iii. Prepare the consolidated statement of financial position. Daia Berhad (RM) 5,000,000 100,000 500,000 300,000 200,000 5,000,000 700,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:FAR5 - Chapter 7: Consolidated Statement of Financial Position
Question 1
Dayang Berhad acquired 100% ordinary shares of Daia Berhad on 1st June 20XX. Below are
the statements of financial position of Dayang Berhad and Daia Berhad.
Machinery
Plant, property and equipment
Vehicles
Inventories
Account receivables
Investment in Daia Berhad
Account payables
Long-term loans
Ordinary shares
Retained earnings
Dayang Berhad (RM)
2,000,000
11,000,000
500,000
3,500,000
700,000
9,300,000
1,100,000
5,000,000
13,000,000
7,900,000
i. Calculate goodwill.
ii. Record the relevant journal entries.
iii. Prepare the consolidated statement of financial position.
Daia Berhad (RM)
5,000,000
100,000
500,000
300,000
200,000
5,000,000
700,000
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