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On January 1, 20X1, Belle Ltd. purchased 100% of the common shares of Dominique Corporation for $700,000. Dominique's net income was $30,000 for 20X1 and

On January 1, 20X1, Belle Ltd. purchased 100% of the common shares of Dominique Corporation for $700,000. Dominique's net income was $30,000 for 20X1 and $50,000 for 20X2. Dominique paid dividends of ...

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