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Lu Nan Limited acquired 80% of the share capital and reserves ofHui Limited for $20,000. Share capital was $10,000 and reservesamounted to $6,000. All assets

Lu Nan Limited acquired 80% of the share capital and reserves ofHui Limited for $20,000. Share capital was $10,000 and reservesamounted to $6,000. All assets and liabilities were recorded atfair va 2 answers

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