TQ2). Maisara Bhd (MB) purchased Jujur Sdn Bhd (JSB) on 1 January 2009. On the date of purchased the Retained Profits and General Reserve of ISB were as follows; Jujur Sdn Bhd (RM) Retained Profits General Reserve 100,000 100,000 The (RM) (RM) Maisara Bhd Jujur Sdn Bhd Share capital of RM1 each 300,000 100,000 Revaluation Reserve 50,000 100,000 Share premium 50,000 General reserve 110,000 120,000 Retained profits 200,000 100,000 Long-term loans 80,000 50,000 790,000 470,000 Property, plant & equipment, at NBV 540,000 370,000 Investments, at cost 80,000 shares in JSB, at cost 300,000 Current assets 150,000 200,000 Less: Current liabilities (200,000) (100,000) 790,000 470,000 (RM) (RM) Maisara Bhd Jujur Sdn Bhd Revenue 1,000,000 500,000 Operating expenses (850,000) (400,000) Profit from operations 150,000 100,000 Finance costs (10,000) (5,000) Dividends from subsidiaries 80,000 Profit before tax 220,000 95,000 Taxation (30,000) (15,000) Profit after tax 190,000 80,000 Retained profits brought forward 60,000 120,000 Available for appropriation 250,000 200,000 Dividends paid (50,000) (100,000) Retained profits carried forward 200,000 100,000 Statement of Comprehensive Income & Retained Profits and Financial Positions of the two companies for the year ended 2011 were as follows; Additional information: a) Included in the property, plant & equipment of JSB were freehold land at costs of RM80,000. At the date of acquisition of these two companies, the fair value of JSB's land was RM130,000. No adjustments have been made in the accounts of these two companies for the fair values and there were no subsequent movements in the freehold land account. b) On 31 December 2011, MB held stocks purchased from JSB amounting to RM100,000. The intercompany sales in the current year amounted to RM200,000. These sales had a profit margin of 10%. c) On 1 January 2011, MB sold Plant & Equipment (PE) to JSB at RM200,000. The PE's costs to JSB was RM150,000. JSB classified the assets purchased as another PE. Depreciation charges forthe group are at 10% per annum. d) e) No impairment of goodwill was recorded for the current year. Assume an income tax rate of 30%. Ignore tax-effect on intercompany transactions You are required: 1. Prepare a worksheet that consolidates both MB and JSB accounts as at 31 December 2011. COMPREHENSICE INCOME AND ETAINED PROFITS FOR THE YEAR ENDED 31 DECEMBER2011 - Statement of Financial Positions as at 31 December 2020

Shohei Ltd owns 100% of Ohtani Ltd acquired on 1 July 2018 for $3 Million when the shareholders funds of Ohtani Ltd were:    Share Capital  1,250,000 Retained Earnings     1,200,000   2,450,000 All assets of Ohtani Ltd were stated at fair value on the date of acquisition. (a) the directors believe that there has been an impairment loss on goodwill of $100,000 for the year ended 30 June 2021 (b) During the 2020-21 financial year Shohei Ltd sells inventory to Ohtani Ltd at a sales price of $800,000. The inventory cost Shohei Ltd $400,000 to produce. At 30 June 2021, 30% of the inventory is still on hand with Ohtani Ltd. The tax rate is 30% Record the consolidation entries for 30 June 2021

The summarized statements of financial position of PT ABC and PT DEF as of December 31, 2018 are provided below. If PT ABC acquired a 30% interest in PT DEF on December 31, 2018 for Rp225.000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments would have been ?

.Miner Ltd acquired 75% of the share capital of Iver Ltd (Iver) for £1.2m three years ago, when Iver 's net assets were £1.4m. As at 31 August 2020, Iver has net assets of £1.75m.What figures would be included in the consolidated Statement of FinancialPosition as at 31 August 2020 for the Miner Group to reflect the ownership of Iver Ltd?a) Goodwill £200,000Non-controlling interest £1,312,500b) Goodwill £150,000Non-controlling interest £437,500c) Goodwill £150,000Non-controlling interest £1,312,500d) Goodwill £200,000Non-controlling interest £437,500 Show working