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Abba Co. owns a 40% interest in Jay Ltd, a joint venture. Information for the two entities for the year ended July 31, 20X4, is

Abba Co. owns a 40% interest in Jay Ltd, a joint venture. Information for the two entities for the year ended July 31, 20X4, is as follows: Abba Jay Sales $5,000,000 $3,900,000 Net income 1,500,000 80...

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