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B Company possesses a 70% interest in the outstanding stock of Company K. On January 1, 2013, Company K issued $1 million in 20 year

B Company possesses a 70% interest in the outstanding stock of Company K. On January 1, 2013, Company K issued $1 million in 20 year bonds, paying 9% interest annually. K sold the debt for $940,000 to...

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