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On 1 March 2019, Heckle Ltd acquired 40% of the voting shares of Jeckle Ltd. Under the company’s constitution, each share is entitled to one vote. On the basis of past experience, only 65% of the eligible votes are typically cast at the annual general meetings of Jeckle Ltd. No other shareholder holds a major block of shares in Jeckle Ltd. The financial year of Jeckle Ltd ends on 30 June each year. The directors of Heckle Ltd argue that they are not required under AASB 10/IFRS 10 to includ ...

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Tags: Australia Southbank Economics Management University of New South Wales Humanities 

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