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Hello Sir,
Q1
“Immediately after the acquisition, Square issued $4 million of 11% loan notes, $2·5 million of which were
bought by Pyramid. All interest due on the loan notes as at 31 March 2012 has been paid and received.”why the answer does not account for the loan note interest received by the parent company’ s retained earning, which should be deducted?
Thank you.
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