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On 1 January 2015 Alpha purchased 80,000 ordinary RM1 shares in Beta for RM180,000. At that date, Beta's retained profits amounted to RM90,000 and the

On 1 January 2015 Alpha purchased 80,000 ordinary RM1 shares in Beta for RM180,000. At that date, Beta's retained profits amounted to RM90,000 and the fair values of Beta's assets at acquisition were equal to their book values. Three years later, on 31 December 2017, the balance sheets of the two companies were: Alpha Beta RM RM Sundry net assets 230,000 260,000 Shares in Beta 180,000 - 410,000 260,000 Ordinary shares of RM1 each 200,000 100,000 Accumulated profits 210,000 160,000 410,000 260,000 The share capital of Beta has remained unchanged since 1 January 2015. 16) What amount should appear in the group's consolidated balance sheet at 31 December 2017 for goodwill? A) RM25,000 B) RM28,000 C) RM7,000 D) RM14,000 17) What amount should appear in the group's consolidated balance sheet at 31 December 2017 for NCI? A) RM52,000 25 B) RM20,000 C) RM34,000 D) RM32,000 18) What amount should appear in the group's consolidated balance sheet at 31 December 2017 for accumulated profits? A) RM266,000 B)RM338,000 C) RM370,000 D) RM245,000

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