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On 1 July 2013 Joey Ltd acquired 25% of the shares of Leo Ltd for £100 000. At that date the equity of Leo Ltd was £400 000, with all identifiable assets and liabilities being measured at fair value. Profits/(losses) made since the date of acquisition are as follows:
There have been no dividends paid or movements in reserves since the date of acquisition.
-At 30 June 20X8 the equity accounted balance of the investment in Leo was:
Functionalism
A theoretical framework in sociology and anthropology that interprets society as a structure with interrelated parts designed to meet the biological and social needs of the individuals in that society.
Feminist Theory
A theoretical approach that examines and advocates for change in the social, political, and economic inequalities between genders.
Social Darwinism
A theory that applies the concept of survival of the fittest to societies, justifying inequalities and competition.
Postmodernism
A complex set of ideas that emerged as a critique of modernism, emphasizing skepticism towards grand narratives, ideologies, and embracing plurality, difference, and the fragmentation of cultural norms.
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