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  3. x limited acquired 100% of the shares in y limited

X Limited acquired 100% of the shares in Y Limited on a cum div. basis...

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Accounting

X Limited acquired 100% of the shares in Y Limited on a cum div. basis for $570000. At acquisition date, the subsidiary had a declared dividend of $20000. The pre-acquisition entry that relate to the elimination of the parent investment in subsidiary is:
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