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. On 1 July 2022, Rainbow Lid acquired 80% of the issued shares of Lorikeet Lid for $330 000. At this date, the equity of

. On 1 July 2022, Rainbow Lid acquired 80% of the issued shares of Lorikeet Lid for $330 000. At this date, the equity of Lorikeet Ltd was as follows. Share capital $200 000 General reserve 80 000 R...

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