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P6.4 Equity method The financial statements of A Co are shown below. P Co acquired...

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Accounting

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P6.4 Equity method The financial statements of A Co are shown below. P Co acquired a 30% interest in A Co on 1 January 20x3. Income Statement For Year Ended 31 December 20x5 (40,000) (20,000) $140,000 ...100,000 Retained earnings, 31 December 2.. $240,000 Tax at 20%. Profit Retained earnings, 1 January 20xS

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