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Billy Ltd acquired 80% interest in Joel Ltd on 1 July 2020 for $280,000. At that date. Joel Ltd's equity consisted of share capital of

Billy Ltd acquired 80% interest in Joel Ltd on 1 July 2020 for $280,000. At that date. Joel Ltd's equity consisted of share capital of $170,000, general reserve of $30,000 and retained earnings of $50...

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