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What is the pre-acquisition entry at July

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Reference no: EM133080213

Question - On 1 July 2021, ABC Limited acquired all the issued shares of DEF Limited for $400,000 when the equity of DEF Limited consisted of:

Share capital $200,000

Retained earnings 150,000

General Reserve 50,000

What is the pre-acquisition entry at 1 July 2021?

Reference no: EM133080213

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