Solution-Compute Goodwill and prepare consolidated statement

Compute Goodwill and prepare consolidated statement

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Reference no: EM132737164

Question - The following are the statements of financial position of Wennie Sdn Bhd and Syahlen Sdn Bhd as at 31 December 2019. Wennie Sdn. Bhd. purchased 80% the equity of Syahlen Sdn. Bhd. on 31st December 2019. The assets and liabilities of Syahlen are shown in its financial statements at what are agreed to be appropriate fair values.

	Wennie (RM)	Syahlen (RM)
Assets - Non-current assets
PPE	30,000	21,000
Investment in Syahlen Sdn Bhd		22,000
Net current assets	21,000	13,000
Total assets	73,000	34,000
Equity and liabilities
Share capital	26,000	12,000
Retained earnings	37,000	14,000
Current Liabilities	10,000	8,000
Total equity and liabilities	73,000	34,000

REQUIRED - Compute Goodwill and prepare consolidated statement of financial position as at 31 December 2016.

Reference no: EM132737164

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Compute Goodwill and prepare consolidated statement

Reference no: EM132737164

Reference no: EM132737164

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