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Question 9 1 pts Pebble Ltd acquired all the shares of Stone Ltd on 1 July 2018. All the net assets of Stone Ltd were

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Question 9 1 pts Pebble Ltd acquired all the shares of Stone Ltd on 1 July 2018. All the net assets of Stone Ltd were at fair value at the date of acquisition except for an equipment, which was below its fair value. The remaining useful life of the equipment is six years. At 30 June 2020, retained earnings will need to be debited. O True O False

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