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Bluejack Inc. owns 40 percent of Laurel Inc., and both Bluejack and Laurel are corporations. Laurel reports financial accounting earnings of $20,000 and pays Bluejack

Bluejack Inc. owns 40 percent of Laurel Inc., and both Bluejack and Laurel are corporations. Laurel reports financial accounting earnings of $20,000 and pays Bluejack a dividend of $10,000 in the curr...

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