=+5. Alpha Ltd. owns 75% of the shares of Beta Ltd. The Profit & Loss Accounts of
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=+5. Alpha Ltd. owns 75% of the shares of Beta Ltd. The Profit & Loss Accounts of the two companies for the year ended 31st October, 1961, were as follows:
Alpha Ltd. Beta Ltd.
Net Profit from Trading Add Investment Income Less Income Tax Add Balances brought forward Less Interim Dividend paid Balance Disposable
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