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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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