Question
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
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: ii. Date 1.1.2019 1.1.2020 1.1.2021 1.7.2021 31.12.2021 Total No.of shares acquired 100,000 200,000 150,000 150,000 600,000 Cost of Balance of shares Jaya's retained RM'000 160 360 380 395 1,295 profits RM'000 200 400 600 700 800 Balance of Jaya's general reserves 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) (8 marks) Pre-acquisition and post-acquisition reserves for the group. RM'000 200 200 400 400 400
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