[aahhmm]

i.As at the acquisition date of child company, the land was recorded at its historical cost of RM5,000,000 whilst its fair value on that date was RM6, 000,000. No adjustment was made in the accounts of child company for the fair value at acquisition date.
the difference between the historical cost and the fair value is 1,000. It will involve in the calculation of the goodwill on consolidation? but what is the journal entry ?

ii.On 28 December 2009, the child company sent a cheque of RM1, 500,000 to parent company on the amount owing but this transaction was not recorded by parent until after year end.
the journal entry will be :
Dr. Loan to subsidiary 1,500,000
Cr.Loan from parent 1,500,000

Balance sheet:

* P,P and Equipment ( land) Parent(10,000,0000) , child (10,000,000)