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ACC6063 Advanced accounting 2 Assignment, SMU, Singapore: the assumption that August is an associate of Caddy, what would be the Ca carrying amount of the investment
University Singapore Management University (SMU)
Subject ACC6063 Advanced accounting 2 Assignment
Posted on: 5th Dec 2023

ACC6063 Advanced accounting 2 Assignment, SMU, Singapore: the assumption that August is an associate of Caddy, what would be the Ca carrying amount of the investment

The Caddy group acquired 240,000 of Not Yet Answered August’s 800,000 equity shares for RM6 per share on 1

April 2020. August’s profit after tax for the year ended 30 September 2020 was RM400,000.

On the assumption that August is an associate of Caddy, what would be the Ca carrying amount of the investment in August in the consolidated statement of the financial position of Caddy as of 30 September 20207

Select one:
A. RM1,455,000
B. RM1,395,000
C. RM1,500,000
D. RM1,515,000.

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