QUESTION 5/ Mara Bhd acquires 80% of the issued share capital of Deras Bhd for RM120,000 on 31 December 2020. The share premium and retained profits at that date are RM30,000 and RM20,000 respectively. The fair value of the ordinary shares if Deras Bhd at the acquisition date is RM150,000. The following Statements of Financial Position at 31 December 2021 have been prepared: Additional information: At the acquisition date, the freehold land of Deras Bhd has a fair value of RM40,000. No adjustment has been made for this fair value and there are no subsequent movements in this asset account. QUESTION 5/ Mara Bhd acquires 80% of the issued share capital of Deras Bhd for RM120,000 on 31 December 2020. The share premium and retained profits at that date are RM30,000 and RM20,000 respectively. The fair value of the ordinary shares if Deras Bhd at the acquisition date is RM150,000. The following Statements of Financial Position at 31 December 2021 have been prepared: Additional information: At the acquisition date, the freehold land of Deras Bhd has a fair value of RM40,000. No adjustment has been made for this fair value and there are no subsequent movements in this asset account