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Question 4 Marie Bhd acquired 80% of Donny Bhd ordinary share capital on 1 January 2019. As at 31 December 2019, extracts from their individual
Question 4 Marie Bhd acquired 80% of Donny Bhd ordinary share capital on 1 January 2019. As at 31 December 2019, extracts from their individual statements of financial position showed: Accounts Marie Bhd Donny Bhd (RM) (RM) Current assets:Receivables 105,000 40,000 Current liabilities:Payables 90,000 21,000 As a result of trading during the year, Marie Bhd's receivables balance included an amount due from Donny Bhd of RM5,000. 3 Required: Explain the amount to be shown as the consolidated figure for receivables and payables. Please show your calculation
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