On 1 July 2019, Adamo Ltd acquired all the issued shares (ex-div.) of Lucky Ltd for $272
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On 1 July 2019, Adamo Ltd acquired all the issued shares (ex-div.) of Lucky Ltd for $272 000. At this date the financial statements of Lucky Ltd showed the following balance in its accounts:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667759d37892a_811667759d361317.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/06/667759d40cf20_811667759d3e7f09.jpg)
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