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Baskin purchased 22,000 common shares (20%) of Robbin on January 1, Year 5, for $286,000 and classified the investment as FVTPL. Robbin reported net income

Baskin purchased 22,000 common shares (20%) of Robbin on January 1, Year 5, for $286,000 and classified the investment as FVTPL. Robbin reported net income of $96,000 in Year 5 and $101,000 in Year 6,...

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