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Material Company purchased 12,000 common shares of Thread Inc.on January 1, Year 1 for $180,000. Thread Inc. had 120,000 commonshares outstanding. The following information relates

Material Company purchased 12,000 common shares of Thread Inc.on January 1, Year 1 for $180,000. Thread Inc. had 120,000 commonshares outstanding. The following information relates to ThreadInc.: N 1 answer

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