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On January 1, 2024, American Corporation purchased 25% of theoutstanding voting shares of Short Supplies common stock for$205,000 cash. On that date, Short's book value

On January 1, 2024, American Corporation purchased 25% of theoutstanding voting shares of Short Supplies common stock for$205,000 cash. On that date, Short's book value and fair value wereboth $820 2 answers

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