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September 27, 2011 ASSIGNMENT CONSOLIDATED STATEMENT OF FINANCIAL POSITION Question 1 On 1 April 2009 Snow bought 75% of Breeze paying $80,000 cash.
September 27, 2011 ASSIGNMENT CONSOLIDATED STATEMENT OF FINANCIAL POSITIONQuestion 1On 1 April 2009 Snow bought 75% of Breeze paying $80,000 cash. The summarized Statements of Financial Position for the two companies as at October 31, 2009 are:Breeze $Noncurrent assets120,000Investments