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Question 2 North Berhad, a public limited company, acquired 80% ordinary shares in East Berhad on 1 January 2017 for RM8,640,000 when the accumulated retained

Question 2

North Berhad, a public limited company, acquired 80% ordinary shares in East Berhad on 1 January 2017 for RM8,640,000 when the accumulated retained earnings of East Berhad were RM2,000,000. North Berhad also acquired one third (1/3) of the issued ordinary share capital in West Berhad on 1 July 2019 for RM4,000,000.

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