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please provide me answer.. please.. with the workings and stament of financial position The atabernents of financial positions as at 31 Docember 2021 of Dorae
please provide me answer.. please.. with the workings and stament of financial position
The atabernents of financial positions as at 31 Docember 2021 of Dorae Berthad and its subeidiary company Mon Dertand are summarised below: The fotlowing information is relervant: (i) Doeae Berhad acquired 75% of total crdinary shares in Mon Berthad on 1 January 2018 . The price paid was RMA,100,000. The balance on Mon Berhad's retainod earnings at the date of acquiaition was RcMS00,000. This included an intargible asset of Reh100,000. (ii) Goodwill on consolidation is retained at cost in the group statement of francial posibon. There has been no evidence of impairment since acquisition. Dorae Berhad made a lang-term lean of fou110,000 to Men Berhad on the carre date. (ii) On 31 December 2021 there was cash in transit from Mon Bertad to Dorae Berhad of RM120,000. (iv) On 31 December 2021 the inwentory of Mon Berhad included RM4, ac0 of goode purchased frem Dorae Beithad. Dorae Berhad had irrvoiced these gooth at cost plus 25%. (v) The intangible asset of Mon Berhad does not satisfy the recognition criteria laid down in MFRS 138. Intangible Astets. MFRS 138, Intang bie Assets is to be followed in preparing the consclidated accounts. (vi) It is the group't policy to value non-controlling interests at its proportionate share of the fair value of the subsidiary's identifiable net assets. Required: (a) Prepare a cornolidaled statement of financial position for the Docae group as at 31 December 2021. [34 marks]Step by Step Solution
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