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On Jan. 1, 2020, Black Inc. acquired 80% of the voting shares of Bayleg Inc. (Bayleg had 10,000 outstanding shares on the acquisition date) for

On Jan. 1, 2020, Black Inc. acquired 80% of the voting shares of Bayleg Inc. (Bayleg had 10,000 outstanding shares on the acquisition date) for $128,000 cash. On that day, Bayleg's balances showed tha...

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