hi guys. was wandering if you could please give me a hand with this question. Sort of a culmination of the last few tutes work and am struggling to put it all together (particularly with the intra group transactions. If you could send me the solutions, thatd be great.
On 1 July 2016, Parent Ltd acquired all the shares of Son Ltd, on a cum-div. basis, for
$2,400,000. At this date, the equity of Son Ltd consisted of:
share capital- 500000 shares
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