Question 1 On 1 January 2015, Nathan purchased 30% of the ordinary share capital of Ethan for RM560,000, which gave it significant influence over Ethan's activities. In the financial year ended 31 December 2015, Ethan reported pre-tax profits of RM240,000. The tax charge was RM40,000. During the financial year ended 31 December 2015, Ethan paid a total dividend of RM10,000 to its shareholders. In the year ended 31 December 2016, Ethan made a pre-tax loss of RM15,000, with a tax credit of RM2,000. A review of Nathan's investment in Ethan at 31 December 2016 concluded that impairment had taken place. An impairment loss of RM90,000 was charged in Nathan's consolidated financial statements for the year. Required: Calculate the carrying amount of the investment in Ethan to be included in Nathan's consolidated statement of financial position at 31 December 2016. Question 2 31.12.2017 Maggie Bhd acquired 30% of the ordinary shares that carry voting rights of Ramen Bhd for RM200,000 1.1.2018 Ramen Bhd declared and paid dividend of RM40,000 from the profit earned in 2017. Required: Calculate the carrying amount of investment in associate in 1 January 2018