Using the chosen company from Bursa Malaysia, prepare a consolidated accounts assuming that the chosen company acquire Sure Cargo Behard at 80% of its ordinary shares.
Given below is the balance sheet of Sure Cargo Berhad for the year ended December 2010.
Non Current Assets
Ordinary Shares of RM 1 each
Ordinary Dividend Payable
a. Sure Cargo Behard was acquired on 1 January 2008 when the retain profit were RM40,000.b. Goodwill on consolidation is impaired by 40%.
i. Show the calculation of goodwill ii. Calculate the group profit and loss.iii. Prepare the consolidated Balance Sheet as at 31 December 2010