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HIJ acquired all shares and half of the loan stock in KLM whose net assets were revalued by 120,000 from 340,000 at the time. Goodwill

HIJ acquired all shares and half of the loan stock in KLM whose net assets were revalued by 120,000 from 340,000 at the time. Goodwill arising was 24,000, and leverage in KLM was 25%. Calculate the investment in KLM in HIJs books.

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