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Kindly answer above question and show all the calculation 10,10 Given below are the statements of financial position of Bell, Edison and Campbell as at
Kindly answer above question and show all the calculation
10,10 Given below are the statements of financial position of Bell, Edison and Campbell as at 31 December 5. Additional information: a. Bell acquired 300,000 of the 400,000 ordinary shares of Edison on 1 January 1 when the retained proft of Edison was RM20,000. b. Bell acquired 400,000 of the 500,000 issued shares of Campbell on 1 January 5 for a cash consideration of RM200,000 and an issue of 200,000 ordinary shares of Bell. The fair value of Bell's shares was RM2 per share. Bell has only recorded the cash payment. 3. On 1 January 5, the retained profit of Campbell was RM150,000. c. Goodwill is recognised for the parent only. d. Goodwill in Edison is impaired by RM45,000. You are required to prepare the consolidated statement of financial position as at 31 December 5Step by Step Solution
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