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Coco Ltd. (Coco) purchased 90% of the voting shares of FerdinandInc. (Ferdinand) for $612,000 on January 1, 2022. On that date,Ferdinand's common shares and retained

Coco Ltd. (Coco) purchased 90% of the voting shares of FerdinandInc. (Ferdinand) for $612,000 on January 1, 2022. On that date,Ferdinand's common shares and retained earnings were valued at$200,000 2 answers

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