=+ (a) Smith Limited sells one quarter of its holding in Jones Limited for 160,000 on 30

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(a) Smith Limited sells one quarter of its holding in Jones Limited for €160,000 on 30 June 20X8; and

(b) Smith Limited sells one half of its holding in Jones Limited for €340,000 on 30 June 20X8, and the remaining holding is to be dealt with as an associate.

(Assume that no goodwill is written off due to impairment.)

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