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What is the date of acquisition

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Question - LKC Limited enters into an agreement with the shareholders of UKC Limited on 1 April 2022 to acquire a controlling interest in UKC. The agreement provides that the effective date of transfer is 1 July 2022 and is subject to approval by the shareholders of LKC at a meeting scheduled for 1 August 2022. What is the date of acquisition? Explain.

Reference no: EM133187614

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