given below are the statements of financial position of hakka and segi as at 1 january x9. hakka rm'000 segi rm'000 ordinary shares of rm1 each 600 400 revaluation reserve 150 100 share premium 40 80 retained profit 250 100 current liabilities 40 40 660 1,140 non-current assets 700 80 560 inventory 40 trade receivables 70 40 cash at bank additional information: 290 20 1,140 660 hakka wanted to acquire all the issued ordinary shares of segi and so offered the shareholders of segi one ordinary share in hakka valued at rm1.50 and cash of 50 sen for every one ordinary share in segi. hakka acquired all the ordinary shares of segi. you are required to: (a) prepare journal entries in the books of hakka to record the acquisition of shares in segi (b) prepare the statement of financial position of hakka immediately after the takeover. position 427
