On 1 July 2023, Supplyco Ltd provides Grove Ltd with some inventory, which has a fair value

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On 1 July 2023, Supplyco Ltd provides Grove Ltd with some inventory, which has a fair value of $200 000. In exchange for the inventory, Grove Ltd provides Supplyco Ltd with 20 000 shares in Grove Ltd.

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Provide the accounting entry to account for the above equity settled share-based transaction.

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Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

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Question Posted: Sep 10, 2023 07:52 AM

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On 1 July 2023, Supplyco Ltd provides Grove Ltd with some inventory, which has a fair value

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Financial Accounting

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