ACC6063 Advanced accounting 2 Assignment, SMU, Singapore: What is the value of an investment in associates shown in the consolidated statement of financial position
| University | Singapore Management University (SMU) |
Bintik Putih bought 30% of Arnie on 1 January 2020, when Arnie had share Flag question capital of 1 00,000 RM 1 shares and RM400,000 retained earnings The consideration comprised one Beasant Share for every 3 shares bought in Arie At the date of acquisition, Bintik Putth’s shares had a market value of RM4 50 and Arnie’s had a market value of RM2 At 31 December 2020 Arnie’s net assets were RM460,000.
What is the value of an investment in associates shown in the consolidated statement of financial position as of 31 December 2020?
Select one:
A. RM8,000
B. RM63,000
C.RM123,000
DB, RM33,000
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