Question 1a) Given below are the statements of financial position of H and its subsidiary S as at 31December 2021.Ordinary shares of RM1.00 eachShare premiumRevaluation reserveRetained profitLiabilitiesInventoryAccounts receivableHRM120,000 250,00070,000 100,000Fixed Assets - Land300,000Investment in S - 150,000 ordinary shares at cost 250,000RMShare premium 50,000Revaluation reserve 15,000Retained profit 20,000SRM500,000 200,000100,00050,00040,00030,00050,000 20,00050,000 50,000740,000 350,000i. NCI is not measured at fair value.H acquired 150,000 of the ordinary shares of S on 1 January 2017 when the balance inS's accounts were:740,000 350,000Required:Prepare the consolidated statement of financial position of H and of its subsidiary S as at 31December 2021 where:ii. NCI is measured at fair value where the fair value of S's shares on 1 January 2017 wasRM1.45 per share and on 31 December 2021 was RM1.80

Name: Question 1a) Given below are the statements of financial position of
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Description: Question 1a) Given below are the statements of financial position of H and its subsidiary S as at 31December 2021.Ordinary shares of RM1.00 eachShare premiumRevaluation reserveRetained profitLiabilitiesInventoryAccounts receivableHRM120,000 250,0007

Consolidated financial statements are the statement that is prepared by the parent company (holding…

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Given below are the statements of financial position of H and its subsidiary S as at 31 December 2021. dinary shares of RM1.00 each H RM 500,000 100.000 S RM 200,000 50.000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 2MC: During 2021, Anthony Company purchased debt securities as a long-term investment and classified them...

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