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I just want to learn this question. Financial Accounting Reporting Questions Rebwing are the statements of financial position of Handsome and Pretty as at 31

I just want to learn this question. Financial Accounting Reportingimage text in transcribed

Questions Rebwing are the statements of financial position of Handsome and Pretty as at 31 December 15. Handsome Pretty RM'000 RM'000 800 660 100.000 10 percent preference shares 100 20.000 9 percent preference shares 200 150 150 100 50 20 1.100 1,130 50.000 ordinary shares AV, 000 ordinary shares Rotaned profit 10 percent loan stock Current labilities Investment in Pretty at cost Ordinary shares Preference shares RM40,000 10 percent loan stock Non-current assets Ourrent assets 500 50 40 450 60 1,100 900 230 1,130 Handsome purchased 400,000 ordinary shares and 50,000 preference shares in Pretty on 1 January x3 for RM1500,000 when the retained profit of Pretty was RM42,000. The far value of the non-controlling interest cannot be measured at fair value on 1 January x3. You are required to prepare the consolidated statement of financial position of the group as at M1 December x5

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