The exchange rates were as follows: 1 October 2021 31 December 2021 Average rate for 2021 (i) Rupiah to RM Raja Bhd elected to measure the non-controlling interests in PT Mahkota at fair value at the date of acquisition. The fair value of non-controlling interests in PT Mahkota on 1 October 2021 was 50 million Rupiah. (ii) 2.5 2.0 2.25 The management of Raja Bhd is unsure of how to account for the goodwill, and so has measured it at the exchange rate at 1 October 2021 in the consolidated financial statements. No adjustment has been made since that date. Required: Calculate the goodwill that should be recognised in the consolidated statement of financial position of Raja Bhd as at 31 December 2021. Prepare journal entries on the adjustments to be recognised in.

The exchange rates were as follows: 1 October 2021 31 December 2021 Average rate for 2021 (i) Rupiah to RM Raja Bhd elected to measure the non-controlling interests in PT Mahkota at fair value at the date of acquisition. The fair value of non-controlling interests in PT Mahkota on 1 October 2021 was 50 million Rupiah. (ii) 2.5 2.0 2.25 The management of Raja Bhd is unsure of how to account for the goodwill, and so has measured it at the exchange rate at 1 October 2021 in the consolidated financial statements. No adjustment has been made since that date. Required: Calculate the goodwill that should be recognised in the consolidated statement of financial position of Raja Bhd as at 31 December 2021. Prepare journal entries on the adjustments to be recognised in.

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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