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. On 1 January 20X5, Scott Lid gained control of Hagen Led by acquiring 70%% of its shares for $350 000. At this date, Hagen

. On 1 January 20X5, Scott Lid gained control of Hagen Led by acquiring 70%% of its shares for $350 000. At this date, Hagen had share capital of $320 000 and retained profits of $40 000. All assets...

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