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Assume that Kossan Berhad acquires one-fourth stake of Karex Berhad in cash for RM2,000,000. Subsequent...

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Accounting

Assume that Kossan Berhad acquires one-fourth stake of Karex Berhad in cash for RM2,000,000. Subsequent to the acquisition date, Karex reports net income of RM800,000 and pays dividends of RM40,000. Required: Discuss the above accounting method/treatment AND compute the accounting journal entry and investment account for investor PLS DO NOT DO IT IN EXCEL OR HAND WRITTEN.

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