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Case study: On 1 July 2018, Joel Ltd acquired all the shares of Billy Lid for $425 000 on an ex-div. basis. On this date,

Case study: On 1 July 2018, Joel Ltd acquired all the shares of Billy Lid for $425 000 on an ex-div. basis. On this date, the equity and liabilities of Billy Ltd included the following balances: Share...

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