MARKS/MARKAH QUESTION/SOALAN 1. The partners of AhBa Partnership wish to convert the partnership into a limited liability company. On 1 January 20X9, AhBa Sdn. Bhd. was incorporated with authorised capital of 600,000 ordinary shares of RM1 each to purchase all the assets (except cash), and liabilities of AhBa Partnership on 1 January 20X9. AhBa Sdn. Bhd. was to discharge the purchase price by issuing 400,000 ordinary shares. The following is the Statement of Financial Position of AhBa Partnership as at 1 January 20X9: RM Land and Building Plant and Machinery Inventories Trade Receivables Bank RM 200,000 100,000 30,000 40,000 4,000 374,000 Capital: Ahmad Baba Trade Payables 200,000 150,000 350,000 24,000 374,000 The following are the fair values of the assets taken over: RM Land and Building 220,000 Plant and Machinery 110,000 Inventories 25,000 Trade Receivables 30,000 The partners share profits and losses equally. Ahmad agreed to accept any cash remaining as part settlement of the amount due to him on liquidation of the firm. You are required to calculate the goodwill. (Total / Jumlah: 20 )