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E 6-9 Upstream sale of equipment, noncontrolling interest Pan Corporation has an 80 percent interest in Sip Corporation, its only subsidiary. The 80 percent interest

E 6-9

Upstream sale of equipment, noncontrolling interest

Pan Corporation has an 80 percent interest in Sip Corporation, its only subsidiary. The 80 percent interest was

acquired on July 1, 2011, for $400,000, at which time Sip

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