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8. Charlie acquired 30% of the issued ordinary share capital of Lola at a cost 19 of RM4 million. The fair value of the net
8. Charlie acquired 30% of the issued ordinary share capital of Lola at a cost 19 of RM4 million. The fair value of the net assets of Lola on that date was RM10 million. At the end of the financial year, the net assets of Lola were RM13 million. Goodwill was not impaired. What will be the carrying amount of the investment disclosed in the consolidated financial statement? * O (a) RM4 million O (b) RM13 million x 30% = RM3.9 million ho (c) RM4 million + (RM13 million - RM10 million) x 30% = RM4.9 million. (d) (RM13 million - RM10 million) x 30% = RM0.9 million
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