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French Lid purchased 100% of the issued capital of Pastry Ltd for a cash consideration million on 1 July 2015. At that time the fair

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French Lid purchased 100% of the issued capital of Pastry Ltd for a cash consideration million on 1 July 2015. At that time the fair value of the net assets of Pastry Ltd were represented by: Share capital $1 700 000 Retained earnings 300 000 $2 000 000

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