1 S Berhad and R Berhad set up DD Sdn Bhd as a separate vehicle entity under the joint venture arrangement (50/50 profit sharing). The cost to set up was RM340,000 for each company. During the year 2023, DD Sdn Bhd after profit was RM120,000 and declared and paid dividend of RM46,000. REQUIRED Prepare the consolidation adjustments journal entries year 2023 for S Berhad: (a) Cost method (b) Equity method QUESTION 2 WQ Berhad acquired 30% of XT on 1 December 2021, WQ Berhad used cost method to record XT transactions. The retained earnings at the date of acquisition was RM80,000 and on 31 December 2021 was RM150,000. During the year 2022, XT loss after tax was RM30,000. On 30 November 2022, XT paid dividend of RM10,000 to the shareholders although reported loss for the current year. REQUIRED (a) Prepare the consolidation adjustments journal entries for WQ Berhad. (b) If XT profit before tax was RM60,000, tax rate 24% prepare only the share of profit journal entry