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Please help me i will rate you! Required: (a) Prepare the consolidated statement of financial position for the Hello Group for the year ended 31

Please help me i will rate you!

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Required: (a) Prepare the consolidated statement of financial position for the Hello Group for the year ended 31 December 2020; [10 marks] (b) Prepare the statement of comprehensive income for the Hello Group for the year ended 31 December 2020; and [15 marks] Ignore income taxes on the disposal. No impairment losses have been necessary to date.5,020 1,810 Current liabilities 1.310 1.030 6.330 2.840 SUMMARISED INCOME STATEMENTS Profit before interest and tax 780 520 Income tax expense (140 (80) Profit for the year 640 440 Other comprehensive income, net of tax 510 96 Total comprehensive income for the year 1.150 536 MOVEMENT IN RETAINED RESERVES Balance at 31 December 2019 2,870 474 Total comprehensive income for the year 1.150 536 Balance at 31 December 2020 4 020 1.010 Hello Bhd sells one half of its holding in Kitty Bhd for RM700,000 on 30 June 2020. At that date, the fair value of the 40% holding in Kitty was slightly more at RM930 000 due to a share price rise. The remaining holding is to be dealt with as an associate. This does not represent a discontinued operation. No entries have been made in the accounts for the above transaction. Assume that profits accrue evenly throughout the year. It is the group's policy to value the non-controlling interest at its proportionate share of the fair value of the subsidiary's identifiable net assets.Question 4 (a) A Ringgit Malaysia-based company, Kipas Berhad, set up a foreign subsidiary on 30 June 2018. Kipas Berhad subscribed #24 000 for share capital when the exchange rate was $2 = RM1. The subsidiary, Fan Inc, borrowed

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