Question 3 Public Berhad acquired 70% equity shares of Queen Berhad as on 31st May 2018 at a cost of RM700,000. The following information is available from statement of financial position of Queen Berhad as on 31st May 2018. Accounts Non current assets Investments Current assets 10% debentures Current liabilities RM'000 1,200 550 700 900 500 The following revaluations have been agreed upon (not included in the above figures): Non current assets Up by 20% Investments Down by 10% Queen Berhad declared and paid dividend at 20% on its equity shares as on 31st May 2018. Public Berhad purchased the shares at RM2 per unit. Required:- Compute the amount of goodwill / bargain purchase attributable to the acquisition of shares in Queen Berhad