Rose Limited is a manufacturing and trading company listed in Hong Kong Stock Exchange that… 1 answer below »

Rose Limited is a manufacturing and trading company listed in Hong Kong StockExchange that delivers a wide range of electronic products worldwide.On 1 March 2020, Rose Limited signed an agreement with Lotus Limited whereby theoperations of Lotus Limited are to be taken over by Rose Limited. Lotus Limited wentinto liquidation after the transfer is completed. The statement of financial position of thetwo companies on that day were as follows:

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