Question: Starr acquires 80% shareholding. How does that translate to consideration transferred? At the date of acquisition of 80% of its issued shares by Starr Ltd,

Starr acquires 80% shareholding. How does that translate to consideration transferred?

At the date of acquisition of 80% of its issued shares by

At the date of acquisition of 80% of its issued shares by Starr Ltd, the equity of Lennon Ltd was: Share Capital (100,000 shares) General reserve Retained earnings $100,000 3,000 37,000

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