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On 1 January 20X2, Perry Ltd gained control of Santos Ltd by acquiring 80% of its shares for $332 000. At this date, Santos had

On 1 January 20X2, Perry Ltd gained control of Santos Ltd by acquiring 80% of its shares for $332 000. At this date, Santos had share capital of $300 000 and retained profits of $15 000. All assets an...

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