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Please explain journal entry (b) of question (b) on pg.10 (b) Dr Investment in C Ltd OO Cr Beginning retained profit (B) 8 (assumed sale

Please explain journal entry (b) of question (b) on pg.10 (b) Dr Investment in C Ltd OO Cr Beginning retained profit (B) 8 (assumed sale and re-purchase) (40x$2 - ($40+40%x$80))

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