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accounts, On 1/1/A, Parsifal Co. buys 80% of Semiramide Co. for $80k; S fmv = nbv = $75k CS, $25k RE (no differential). In years

accounts, On 1/1/A, Parsifal Co. buys 80% of Semiramide Co. for $80k; S fmv = nbv = $75k CS, $25k RE (no differential). In years A, B, C, and D, P + S have Net Income / dividends of $60k/20k + 2...

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