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C owns 10% of the issued shares of Q Ltd. The shares owned by C have an ACB of 70,000 and PUC of $7,000. D
C owns 10% of the issued shares of Q Ltd. The shares owned by C have an ACB of 70,000 and PUC of $7,000. D intends to purchase 20% of the shares owned by C for 600,000. After the purchase, what is the PUC of the shares owned by D?
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
