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choose 3 11 San industries owns 70 percent of the outstanding shares of Salem company. The remaining 30 percent outstanding common shares of Salem company

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3 11 San industries owns 70 percent of the outstanding shares of Salem company. The remaining 30 percent outstanding common shares of Salem company are held by Sub Insurance company, on San Industries consolidated financial statements, Sub Insurance company is considered to: An investee An associated company be An affiliated company None of the above.de

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