|Nanyang Technological University (NTU)
|ACC6063 Advanced accounting 2 Assignment
The Caddy group acquired 240,000 of 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 carrying amount of the investment in August in the consolidated statement of financial position of Caddy as at 30 September 2020?
Select one: A. RM1,455,000 1.) B. RM1,395,000 Li C. RM1,500,000 D. RM1,515,000
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