(i) SunBhd acquired 60% interest in RainBhd on 1 January2016. On 1 January 2018, RainBhd acquired 60% interest in CloudyBhd and on 1 January 2020, SunBhd acquired a 40% interest in CloudyBhd. (ii)FanBhd acquired a 70% interest in BallBhd on 1 February 2015. BallBhd acquired an 90% interest in Suria Bhd on 1 July 2020. Required:Determine the group structure and effective controlling interest for the above situations.

(i) SunBhd acquired 60% interest in RainBhd on 1 January2016. On 1 January 2018, RainBhd acquired 60% interest in CloudyBhd and on 1 January 2020, SunBhd acquired a 40% interest in CloudyBhd. (ii)FanBhd acquired a 70% interest in BallBhd on 1 February 2015. BallBhd acquired an 90% interest in Suria Bhd on 1 July 2020. Required:Determine the group structure and effective controlling interest for the above situations.

Name: (i) SunBhd acquired 60% interest in RainBhdon 1 January2016. On 1 Jan
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Description: (i) SunBhd acquired 60% interest in RainBhdon 1 January2016. On 1 January 2018,RainBhd acquired 60% interest in CloudyBhdand on 1 January 2020, SunBhd acquired a40% interestin CloudyBhd.(ii)FanBhd acquired a 70% interest in BallBhdon 1 February 2015

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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