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On 1 January 2020, Raqib Construction Bhd.(RCB) acquired a 90% ownership interest in Cider Construction...

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Accounting

On 1 January 2020, Raqib Construction Bhd.(RCB) acquired a 90% ownership interest in Cider Construction Sdn Bhd (CCSB) for RM500,000. On the same date, RCB also acquired 80% of Gary Construction Sdn Bhd (GCSB) for RM300,000. The net assets on the date of purchase and year-end for both CCSB and GCSB were as follows:
\table[[,CCSB,GCSB],[,11?2020,3112?2022,11?2020,3112?2022
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