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Tortoise Ltd acquired a 60% controlling interest Answers

QUESTION 1 (35 marks) Tortoise Ltd acquired a 60% controlling interest in Snail Ltd on 1 July 2021 when the retained earnings of Snail Ltd was R175 000 and its share capital R50 000. Rabbit Ltd acquired a 75% controlling interest in Tortoise Ltd on 1 July 2022 when the retained earnings of Tortoise was R235 800 and its share capital R100 000. The share […]

Posted: May 23, 2024
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