Dear tutor,

Please help to calculate the goodwill or bargain purchase of the below question.

thanks

Public Berhad acquired 70% equity shares of Queen Berhad as on 31st May 2018 at a cost of RM700,000. The following information is available from statement of financial position of Queen Berhad as on 315t May 2018. Accounts RM'000 Non current assets 1,200 Investments 550 Current assets 700 10% debentures 900 Current liabilities 500 The following revaluations have been agreed upon (not included in the above figures): Non current assets Up by 20% Investments Down by 10% Queen Berhad declared and paid dividend at 20% on its equity shares as on 31st May 2018. Public Berhad purchased the shares at RM2 per unit. Required:- Compute the amount of goodwill / bargain purchase attributable to the acquisition of shares in Queen Berhad