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M Limited holds 90% interest in subsidiary N Limited. N Limited holds 25% interest in an associate o Limited. As at 31 March 20x1, the
M Limited holds 90% interest in subsidiary N Limited. N Limited holds 25% interest in an associate o Limited. As at 31 March 20x1, the net assets of O Limited was Rs. 300 lakhs including profit of Rs. 40 lakhs for the year ended 31 March 20X1. Calculate how the investment in Limited will be accounted in the consolidated financial statements of M Limited
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