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Gerry Ltd owes Lopez Ltd an amount of $200 000 at 30 June 2015, the end of its reporting period. On 26 July 2015, Lopez

Gerry Ltd owes Lopez Ltd an amount of $200 000 at 30 June 2015, the end of its reporting period. On 26 July 2015, Lopez Ltd received a letter from liquidators advising it of the bankruptcy of Gerry Lt...

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