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QUESTION 2 (20 Marks) Jee RM Nah RM Investment in Nah: 180,000 ordinary shares Land Building Inventories Trade and other receivables Cash at bank 300,000
QUESTION 2 (20 Marks) Jee RM Nah RM Investment in Nah: 180,000 ordinary shares Land Building Inventories Trade and other receivables Cash at bank 300,000 120,000 125,000 30,000 78,000 22,000 675,000 200,000 320,000 25,000 55,000 35,000 635,000 345,000 250,000 Ordinary shares of RMI each Retained Profit 8% Debenture Trade and other payables 300,000 180,000 100,000 55,000 635,000 80,000 675.000 Given above are the statements of financial position of Jec Berhad & Nah Berhad as at 31* August 2021. Additional information: 1. Jee Berhad acquired ordinary shares in Nah Berhad on 1 September 2020. On that date, the retained profit balance in reserve accounts of Nah were RM50,000. 2. Goodwill is impaired at 30% per annum Required: Prepare the Consolidated Statement of Financial Position for the Jee Berhad Group for the year ending 31* August 2021. (Show all your workings.) (20 marks)
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