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Required: (a) For the accounting records of ABC Ltd show the general journal entries to record: i. the acquisition of the shares in XYZ Ltd
Required: (a) For the accounting records of ABC Ltd show the general journal entries to record: i. the acquisition of the shares in XYZ Ltd on 1 January EGXT. ii. the dividend received from XYZ in 2UX8 hut proposed by KY: Ltd in 203?; and iii. the interim dividend received from XYZ Ltd in EDXB. {3 marks) (h) Prepare the consolidated financial statements at 31 December 20KB. Show all consolidation journal entries and a worksheet and all workings for the calculation of MCI. The consolidated nancial statements should be presented in the same manner vour textbook presents them
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