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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › CONSOLIDATED STATEMENT
If Pleasant ltd acquired 70,000 shares from Sweet ltd. Pleasant had a profit of $20,000 issued 60,000 shares. What is Pleasant’s share percentage of the group?
It is a meaningless question, and impossible to answer anyway because you have not stated how many shares Sweet has in issue.
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Thank you, John.
You are welcome 🙂