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Peach Wed. Support Vandal Statements the accounting treatment for the most Avancial statements. Ur loss on the disposal of the shares in Peached APPLICATION TION EXERCISES Given below are the par ended 31 December 20 he statements of profit or loss for Joy Bhd, Shine Bed and Glow Bhd. for the December 20x8. Statement of Profit or Loss for the Year Ended 31 December 2018 Joy Bhd Shine Bhd Glow Bhd RM 000 RM RM100 30,000 (40000) 80,000 (10,000) 20,000 40.000 (20.000) 40,000 (12,000) 28,000 (7.000) 21,000 (8,000) (3,000) 20,000 (8.000) 12,000 (3,000) 9,000 30,000 9000 26,000 Sales Cost of sales Gross profit Operating expenses Profit before taxation Taxation 12,000 Profit after taxation Profit b/f 150,000 Additional information: 1 Ianuary 20x5, Joy Bhd acquired 30% of the 80 million issued ordinary shares of Bhd for RM1.30 per share. The retained profit of Glow Bhd on this date was RM20 million. Glow has no reserves other than the retained profit. On 1 April 20x8, Joy Bhd acquired another 30% of the ordinary shares of Glow Bhd for RM1.60 per share. m) On 1 January 20x8, Joy Bhd acquired 70% of the 90 million ordinary shares of Shine Bhd for RM1.40 per share. The goodwill on consolidation was impaired by RM200,000 as at 31 December 20x8. IV) Sales of Joy Bhd included sales to Shine Bhd for RM1 million. A total of 30% of the goods sold remained in the inventories of Shine Bhd as at 31 December 20x8. Joy Bhd invoiced its sales at cost plus 25%. Peach Wed. Support Vandal Statements the accounting treatment for the most Avancial statements. Ur loss on the disposal of the shares in Peached APPLICATION TION EXERCISES Given below are the par ended 31 December 20 he statements of profit or loss for Joy Bhd, Shine Bed and Glow Bhd. for the December 20x8. Statement of Profit or Loss for the Year Ended 31 December 2018 Joy Bhd Shine Bhd Glow Bhd RM 000 RM RM100 30,000 (40000) 80,000 (10,000) 20,000 40.000 (20.000) 40,000 (12,000) 28,000 (7.000) 21,000 (8,000) (3,000) 20,000 (8.000) 12,000 (3,000) 9,000 30,000 9000 26,000 Sales Cost of sales Gross profit Operating expenses Profit before taxation Taxation 12,000 Profit after taxation Profit b/f 150,000 Additional information: 1 Ianuary 20x5, Joy Bhd acquired 30% of the 80 million issued ordinary shares of Bhd for RM1.30 per share. The retained profit of Glow Bhd on this date was RM20 million. Glow has no reserves other than the retained profit. On 1 April 20x8, Joy Bhd acquired another 30% of the ordinary shares of Glow Bhd for RM1.60 per share. m) On 1 January 20x8, Joy Bhd acquired 70% of the 90 million ordinary shares of Shine Bhd for RM1.40 per share. The goodwill on consolidation was impaired by RM200,000 as at 31 December 20x8. IV) Sales of Joy Bhd included sales to Shine Bhd for RM1 million. A total of 30% of the goods sold remained in the inventories of Shine Bhd as at 31 December 20x8. Joy Bhd invoiced its sales at cost plus 25%