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At the date of acquisition of 80% of its issued shares by Starr Lid, the equity of Lennon Lid was: Share Capital (100,000 shares) $100,000

At the date of acquisition of 80% of its issued shares by Starr Lid, the equity of Lennon Lid was: Share Capital (100,000 shares) $100,000 General reserve 3,000 Retained earnings 37,000

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