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A Ltd acquired 70% of the shares of James Ltd on 1st July 2016 for $540,000. The B Ltd equity consisted of the following items

A Ltd acquired 70% of the shares of James Ltd on 1st July 2016 for $540,000. The B Ltd equity consisted of the following items at acquisition date Share Capital: $500,000 General Reserve: 80,000 Retai...

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