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on january 2 2017, todd company acquired 35% of outsatnding stock of McGuire company for $250,000. For the year ending, decembre 31, McGuire earned income

on january 2 2017, todd company acquired 35% of outsatnding stock of McGuire company for $250,000. For the year ending, decembre 31, McGuire earned income of $100,000 and paid dividends of $20,000

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