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march Equity Share Capital - RM1 Shares 2000 1000 Retained Earnings 1460 885 3460 1885 Non-Current Liabilities 12% loan stock 500 100 Current Liabilities
march Equity Share Capital - RM1 Shares 2000 1000 Retained Earnings 1460 885 3460 1885 Non-Current Liabilities 12% loan stock 500 100 Current Liabilities Trade Payables 680 350 Bank Overdraft 560 1240 350 Total Equity and Liabilities 5200 2335 Additional Information: 1. Prominent Co acquired 600,000 ordinary shares in Sorry Co. on 1 January 2019 for RM1,000,000 when the retained earnings of Sorry Co. was RM200,000. 2. At the date of acquisition of Sorry Co, the fair value of its freehold property was considered to be RM400, 000 greater than its value in Sorry Co's Statement of Financial Position Sorry Co. had acquired the property in January 2013 and 50% of the value building had depreciated on cost over 50 years. 3. Non-Controlling interest was valued at full fair value Sorry Co. shares were trading at RM1.60 prior to the acquisition by Prominent Co. Required: Prepare a Consolidated Statement of Financial Position as at 31 December 2022 (Show the working) 2 A-> BI You a
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