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b. The issued share capital of Jaya Berhad consists of RM1,000,000 for 1,000,000 ordinary shares. Maju Berhad made the following purchases of shares in Jaya

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b. The issued share capital of Jaya Berhad consists of RM1,000,000 for 1,000,000 ordinary shares. Maju Berhad made the following purchases of shares in Jaya Berhad: Required: Using the step-by-step basis of treating piecemeal acquisition method, calculate: i. The goodwill arising on consolidation that will appear in the 2020 accounts. (4 marks) ii. Pre-acquisition and post-acquisition reserves for the group. (8 marks)

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