A Ltd acquires 20% of the shares of B Ltd on 5 May 20x5 at $5...

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A Ltd acquires 20% of the shares of B Ltd on 5 May 20x5 at $5 per share, acquires another 20% of the shares of B Ltd on 6 June 20x6 at $6 per share, and acquires another 20% of the shares of B Ltd on 7 July 20x7 at $8 per share. B Ltd's share capital comprises 100,000 shares throughout the relevant years. For purposes of consolidation, the amount of investment in B Ltd to be eliminated in the consolidation journal entry to eliminate the investment is: $300,000. O None of the listed choices. $360,000. $480,000. O $380,000. A Ltd acquires 20% of the shares of B Ltd on 5 May 20x5 at $5 per share, acquires another 20% of the shares of B Ltd on 6 June 20x6 at $6 per share, and acquires another 20% of the shares of B Ltd on 7 July 20x7 at $8 per share. B Ltd's share capital comprises 100,000 shares throughout the relevant years. For purposes of consolidation, the amount of investment in B Ltd to be eliminated in the consolidation journal entry to eliminate the investment is: $300,000. O None of the listed choices. $360,000. $480,000. O $380,000.

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