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Question 1 31.12.2018 Maggie Bhd acquired 30% of the ordinary shares that carry voting rights of Ramen Bhd for RM200,000 1.1.2020 Ramen Bhd declared and

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Question 1 31.12.2018 Maggie Bhd acquired 30% of the ordinary shares that carry voting rights of Ramen Bhd for RM200,000 1.1.2020 Ramen Bhd declared and paid dividend of RM40,000 from the profit earned in 2019. Required: Calculate the carrying amount of investment in associate in 1 January 2020

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