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Larry owns 100% of the shares of Corp X. Larry also owns 60% of the shares of Corp. Y. Bernie owns the other 40% of

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Larry owns 100% of the shares of Corp X. Larry also owns 60% of the shares of Corp. Y. Bernie owns the other 40% of Corp. Y shares. Larry and Bernie are not related. Which of the following statements are true of Corp X and Corp Y? The companies are neither related nor associated. The companies are related and associated. The companies are related but not associated. The companies are not related but are associated

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