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7. The following information has been extracted from the financial statements of T-Link Ltd. The total assets has been valued at 78,605 and total liabilities
7. The following information has been extracted from the financial statements of T-Link Ltd. The total assets has been valued at 78,605 and total liabilities at 28,724 as at 31st December 2020. The total revenue is 45,387 and total expenses is 32,117 for year ending 31st December 2020. Calculate the amount of ownership interest of Newman Ltd as at 1st January 2020.
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