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Ting Limited paid $220 000 for 70% of Ping Limited. At the date of acquisition Ping Limited had share capital of $200 000 and retained

Ting Limited paid $220 000 for 70% of Ping Limited. At the date of acquisition Ping Limited had share capital of $200 000 and retained earnings of $100 000 and all of Ping Limited's assets and liabili...

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