ACC6063 The Garden group has a reporting date of 31 December 2020 On 30 September 2020, the group disposed: Advanced Accounting 2 Assignment, NTU, Singapore

The Garden group has a reporting date of 31 December 2020 On 30 September 2020, the group disposed of its 80% holding in the ordinary shares of Shed for RM10 million in cash. The disposal of Shed constitutes a discontinued operation The following information relates to Shed:

RM’million

Goodwill at disposal                                              2

Net assets at disposal                                           9

Non-controlling interest at disposal               3

What should be recorded as the profit (or loss) on disposal in the consolidated statement of profit or loss for the year ended 31 December 2020?
Select one:
A. Loss of RM4m
B. Profit of RM4m
C. Loss of RM2m
D. Profit of RM2m