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Task You are required to complete all three questions below. A total of 50 marks are allocated to these questions, which will be converted to
Task You are required to complete all three questions below. A total of 50 marks are allocated to these questions, which will be converted to a final mark out of 20%. All workings, when appropriate, must be shown to substantiate your answers. Question 1 134 marks Topic 3: Consolidation: Non-controlling interests On 1 July 2016, Poppy Ltd acquired 80% of the issued shares of Sunshine Ltd for $240 000 when the equity of Sunshine Ltd consisted of $160000 Share capital General reserve Retained earnings 59 000 At this date, all identifiable assets and liabilities of Sunshine Ltd were recorded at fair value except for the following
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