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question:
A’ co acquire new incorporate co B’s with 9,000(i,e 90%). During the year have loss 500.
Kindly have statement of position and statement of comprehensive income and equity.A’Co
Cash and Bank balance- 1,000
Share capital-10,000
Investment in B- 9,000B’co
Cash and bank balances- 10,000
Share capital- 10,000Expenses
Formation fees 500
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