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Cars Ltd acquired 60% of Trucks Ltd for a cost of $600,000, when the equity of Trucks Ltd consisted of: Share Capital $200,000 General Reserve

Cars Ltd acquired 60% of Trucks Ltd for a cost of $600,000, when the equity of Trucks Ltd consisted of: Share Capital $200,000 General Reserve $80,000 Retained Earnings $20,000 All the identifiable ...

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