In: Accounting
DUPO Berhad purchase 500,000 unit shares of 7TWELVE Berhad, a listed company on Bursa Malaysia at RM2.80 each with 1 percent brokerage fees on 5 July 2019. The shares are less than 1 percent of shares issued by 7TWELVE. As at 31 December 2019, the price of the share is RM3.00 each unit.
Required: