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On 1 July 2018, Red Ltd acquired 60% of Blue Ltd's share capital for $500,000. At acquisition date, Blue Ltd's equity consisted of: Share Capital

On 1 July 2018, Red Ltd acquired 60% of Blue Ltd's share capital for $500,000. At acquisition date, Blue Ltd's equity consisted of: Share Capital $620,000 Retained earnings $140,000 General reserve $3...

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