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I have been asked to use the following information to demonstrate how the existence of an NCI affects the pre-acquisition entry and explain the journal
I have been asked to use the following information to demonstrate how the existence of an NCI affects the pre-acquisition entry and explain the journal entry line by line.
Gold Ltd acquired 90% of Hardwood Ltd for $252,000 cash on 1 July 2019.At that date the equity of Hardwood included the following:
Share Capital$200 000
Retained Earnings 80 000
280 000
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