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On 1 January 2019, Media Berhad acquired 80% of Prima Berhad's ordinary share capital. As of 31 December 2019, Media Berhad's receivables balance included an

On 1 January 2019, Media Berhad acquired 80% of Prima Berhad's ordinary share capital. As of 31 December 2019, Media Berhad's receivables balance included an amount due from Prima of RM4,600. The extracted amount from the statements of financial position are as follows:

Media Berhad

Prima Berhad

Aset semasa: Belum terima

RM50,000

RM30,000

Liabiliti semasa: Belum Bayar

RM70,000

RM42,000

(b) Determine the consolidated amount that should be shown for receivables and payables. (14 marks)

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