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Cardinal Corporation has 1,000 shares of common stock outstanding owned as follows: Felipe, 500 shares and Rhonda (an unrelated party), 500 shares. Felipe and Rhonda

Cardinal Corporation has 1,000 shares of common stock outstanding owned as follows: Felipe, 500 shares and Rhonda (an unrelated party), 500 shares. Felipe and Rhonda each paid $100 per share for t...

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