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Question - Ador Company recently purchased 80% of the ordinary shares of Dionisio Company for 232 000. At the date of purchase, the consolidated statement of financial position showed 40 000 of goodwill from the acquisition. What the book value of Dionisio Company's net assets at the time of acquisition?
a. 232,000
b. 240,000
c. 290,000
d. 192,000
Show all consolidation adjustment entries needed to eliminate the above intra- group transactions for financial year ended 30 June 2017
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