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Here's the question. Carol owns 100 common shares of Carolina Incorporated, which is all the shares outstanding. 90% of the company's sales are made to

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Carol owns 100 common shares of Carolina Incorporated, which is all the shares outstanding. 90% of the company's sales are made to Camilla. If Camilla also owns 100% of the shares of CRants Limited. Would CRants and Carolina be associated? yes Ono

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