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During the last three years Abey Berhad Co has held 300,000 ordinary shares in Bamee Berhad. The issued share capital of Bamee Berhad is 1,000,000
During the last three years Abey Berhad Co has held 300,000 ordinary shares in Bamee Berhad. The issued share capital of Bamee Berhad is 1,000,000 shares totalling RM500,000. The finance director of Abey Berhad is a director of BameeBerhad. Explain how the investment in Bamee Berhad should be treated in the consolidated financial statementsof Abey Berhad
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