BAC305: Sun Berhad acquired all the shares in Moon Berhad on 31 December 2022 for a cost of RM900,000: Company Accounting Reporting Assignment, WOU, Malaysia

University Wawasan Open University (WOU)
Subject BAC305 Company Accounting Reporting Assignment

Question 1

Sun Berhad acquired all the shares in Moon Berhad on 31 December 2022 for a cost of RM900,000. The balance sheets of both companies for the year ended 31 December 2022 were as follows:-
Sun Berhad acquired all the shares in Moon Berhad on 31 December 2022 for a cost of RM900,000

Required:
Prepare the consolidated statement of financial position for the group as at 31
December 2022 with explanation.

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