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Note: please show step by step calculation 11.4 rent the contenen pien below you are required to prepare the consolidated statement of financial content Following
Note: please show step by step calculation11.4 rent the contenen pien below you are required to prepare the consolidated statement of financial content Following are the statements of francial position of Mickey and Mouse as at 31 December v: at 31 December Mickey RM000 700 Mouse PAX 000 400 200 Equity 700.000 ordinary shares 400.000 ordinary shares 200.000 5.6 percent preference shares 200,000 7 percent preference shares Retained profit 300 1.200 200 140 740 50 20 Liabilities 10 percent Debentures Current account - Mickey Debenture interest payable Preference dividenda payable Ordinary dividends payable Trade payables 11.2 70 388 1.320 ***** 400 100 20 645 707 Non-current Assets Investments in Mouto 300,000 ordinary shares at cost 100.000 7 percent preference shares RM20,000 10 percent debentures Non-current assets Current assets Ordinary dividends receivable from Mouse Pretence dividends receivable from Mouse Debenture Interest receivable from Mouse Current account - Mouse Other current asset 21 7 Elena 25 100 1,320 150 867 Additional information: by Mickey acquired the ordinary shares of Mouse on 1 January 6 when the retained profit of Mouse RM30,000 (credit). On that date, a non-depreciable non-current asset of Mouse had a far value that was RIMBO,000 more than ts carrying value. Mouse did not adopt the fair value in its accounts. On 31 December model to measure the carrying amount of its assets. on 1 January 18, Mickey bought the preference shares and tebentures in Mouse. (a) The diference in the 8 the fair value of the same asset increased by RM125.000 but the group does not use the auto current accounts is due to cash in transit Required: From the information given, prepare the consolidated statement of financial position as at 31 December 28 11.4 rent the contenen pien below you are required to prepare the consolidated statement of financial content Following are the statements of francial position of Mickey and Mouse as at 31 December v: at 31 December Mickey RM000 700 Mouse PAX 000 400 200 Equity 700.000 ordinary shares 400.000 ordinary shares 200.000 5.6 percent preference shares 200,000 7 percent preference shares Retained profit 300 1.200 200 140 740 50 20 Liabilities 10 percent Debentures Current account - Mickey Debenture interest payable Preference dividenda payable Ordinary dividends payable Trade payables 11.2 70 388 1.320 ***** 400 100 20 645 707 Non-current Assets Investments in Mouto 300,000 ordinary shares at cost 100.000 7 percent preference shares RM20,000 10 percent debentures Non-current assets Current assets Ordinary dividends receivable from Mouse Pretence dividends receivable from Mouse Debenture Interest receivable from Mouse Current account - Mouse Other current asset 21 7 Elena 25 100 1,320 150 867 Additional information: by Mickey acquired the ordinary shares of Mouse on 1 January 6 when the retained profit of Mouse RM30,000 (credit). On that date, a non-depreciable non-current asset of Mouse had a far value that was RIMBO,000 more than ts carrying value. Mouse did not adopt the fair value in its accounts. On 31 December model to measure the carrying amount of its assets. on 1 January 18, Mickey bought the preference shares and tebentures in Mouse. (a) The diference in the 8 the fair value of the same asset increased by RM125.000 but the group does not use the auto current accounts is due to cash in transit Required: From the information given, prepare the consolidated statement of financial position as at 31 December 28
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