Poh Hua Bhd acquired 75% of the issued share capital of Hun Hiong Bhd for RM150,000 on 31 December 2018. The retained profit of Hun Hiong Bhd at the date of acquisition was RM55,000. The fair value of the ordinary shares of Hun Hiong Bhd at the acquisition date was RM150,000. The following statements of financial position at 31 December 2019 have been prepared. Poh Hua Hun Hiong Bhd (RM) Bhd (RM) Property, plant and equipment Freehold land, at cost 70,000 20,000 Other property, plant and equipment 100,000 36,000 170,000 56,000 Investment: 45,000 shares in Hun Hiong Bhd, at cost 150,000 Current assets 290,000 168,000 610,000 224,000 Share capital Retained profit Liabilities 200,000 60,000 140,000 80,000 270,000 84,000 610,000 224,000 At the acquisition date, the freehold land of Hun Hiong Bhd has a fair value of RM40,000. No adjustment has been made for this fair value and there were no subsequent movements in this asset account. During the year, Poh Hua Bhd sold inventories to Hun Hiong Bhd. Sales were made at cost plus 25%. Included in the current assets of Hun Hiong Bhd were RM55,000 inventories bought from Poh Hua Bhd. Included in the current assets of Poh Hua Bhd was an amount of RM24,000 due from its subsidiary which has been fully settled by the subsidiary on 31 December 2019. Included in the current assets of Poh Hua Bhd were dividend receivable from Hun Hiong Bhd of RM30,000. Goodwill in Hun Hiong Bhd was impaired by RM5,000 as at 31 December. Required: (a) Calculate the goodwill on consolidation for the investment in Hun Hiong Bhd if: (i) Non-controlling interest is measured at the fair value at the date of the acquisition; and (b) (ii) Non-controlling interest is measured at its proportionate share of the acquisition-date fair value of the identifiable net assets of the subsidiary. (3 marks) Prepare the Consolidated Statement of Financial Position of Poh Hua Bhd as at 31 December 2015 if non-controlling interest is measured at fair value at the date of the acquisition. Show the relevant workings (including the proof of group retained profit, non- controlling interest and investment in TL Bhd) and all of the consolidation journal entries. (22 marks) [Total: 25 Marks]