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Joy Ltd finalised their financial statements for the year ended 31 March 2020 and authorised them for issue on 1 June 2020. The new managing

Joy Ltd finalised their financial statements for the year ended 31 March 2020 and authorised

them for issue on 1 June 2020. The new managing director is unsure about the treatment of

the following material events that occurred in 2020 and has asked for your professional advice.

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