Given below are the statements of financial position of H and its subsidiary of S as at 31st December 2016 H S RM RM Ordinary shares of RMI each 600,000 350,000 Revaluation reserve 80,000 30,000 Retained profit 120,000 60,000 Liabilities 110,000 15,000 910000 455000 Sundry assets 560,000 455000 Investment in S- 280,000 ordinary 350,000 shares at cost 910000 455000 H acquired 280,000 of 350,000 ordinary shares of S on 1 January 2013 when the balances in S accounts were: Revaluation reserve: RM25000 Retained profit: RM45000 a. Prepare the statement that clearly show the amount of goodwill, non- controlling interest, group retained profit and group revaluation reserve.

Given below are the statements of financial position of H and its subsidiary of S as at 31st December 2016 H S RM RM Ordinary shares of RMI each 600,000 350,000 Revaluation reserve 80,000 30,000 Retained profit 120,000 60,000 Liabilities 110,000 15,000 910000 455000 Sundry assets 560,000 455000 Investment in S- 280,000 ordinary 350,000 shares at cost 910000 455000 H acquired 280,000 of 350,000 ordinary shares of S on 1 January 2013 when the balances in S accounts were: Revaluation reserve: RM25000 Retained profit: RM45000 a. Prepare the statement that clearly show the amount of goodwill, non- controlling interest, group retained profit and group revaluation reserve.

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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