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Question 1 (40 marks) On 1 July 2019, James Ltd acquired all the issued shares of Kelly Ltd for $200,000. At this date, the financial

Question 1 (40 marks) On 1 July 2019, James Ltd acquired all the issued shares of Kelly Ltd for $200,000. At this date, the financial statements of Kelly Ltd showed the following: $ Share capital 70,0...

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