| University | Nanyang Technological University (NTU) |
| Subject | ACC6063 Advanced accounting 2 Assignment |
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
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