ACW366 Advanced Financial Reporting
Semester 2, 2014/2015
Mid Semester Test
Duration: 1 hours
On 1 January 2014, Apple Sdn Bhd acquired 80% of the ordinary share capital of
Orange Sdn Bhd at a cost of RM10 million. On the same date it
ACW366 (Semester 2, 2014/2015)
Question 1 (25 marks)
The financial statements of three companies in a group for the year 2011 are as follows:
Statements of Comprehensive Income for the year ended 31 December 2011
Cost of sales
Wednesday 4 June 2014
Reading and planning:
ALL FIVE questions are compulsory and MUST be attempted.
Do NOT open this paper until instructed by the supervisor.
During reading and