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Equity and Liabilities Ordinary Share Capital Assignment

Author:
February 25th, 2020

Given below are the statements of financial position of Heep and Seep is a Heep Seep RM'000 200 RM'000 300 40 40

Equity and Liabilities Ordinary share capital Retained profit Liabilities 50 390 Assets Investment in ordinary shares of Seep at cost Sundry net assets 250 140 390 Heep purchased all the ordinary shares of Seep on 31 December x1. Required: Уtraid Jan put portfolio Show the initial journal entries to prepare the consolidated financial statements. Prepare the consolidated statement of financial position of Heep Group as at 31 December x1. .

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