=+1. On 1 January 1999, COCKTAIL purchased 96 million 1 ordinary shares in UMBRELLA for 330 million.
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=+1. On 1 January 1999, COCKTAIL purchased 96 million €1 ordinary shares in UMBRELLA for €330 million. The retained earnings of UMBRELLA stood at €120 million on this date and property, plant and equipment with a remaining useful life of ten years were recorded at €20 million less than their fair value. With respect to the 29. ASSOCIATES 567
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Related Book For
International Financial Accounting And Reporting
ISBN: 9780903854726
2nd Edition
Authors: Ciaran Connolly
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