Kindly answer above question and show all the calculation 10,10 Given below are the...
90.2K
Verified Solution
Question
Accounting
Kindly answer above question and show all the calculation
10,10 Given below are the statements of financial position of Bell, Edison and Campbell as at 31 December 5. Additional information: a. Bell acquired 300,000 of the 400,000 ordinary shares of Edison on 1 January 1 when the retained proft of Edison was RM20,000. b. Bell acquired 400,000 of the 500,000 issued shares of Campbell on 1 January 5 for a cash consideration of RM200,000 and an issue of 200,000 ordinary shares of Bell. The fair value of Bell's shares was RM2 per share. Bell has only recorded the cash payment. 3. On 1 January 5, the retained profit of Campbell was RM150,000. c. Goodwill is recognised for the parent only. d. Goodwill in Edison is impaired by RM45,000. You are required to prepare the consolidated statement of financial position as at 31 December 5Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.