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On March 20, 2016, Reeder Company acquired 82,000 shares ofNeeded Industries common stock at $64 per share as a long-terminvestment. Needed has 200,000 shares of

On March 20, 2016, Reeder Company acquired 82,000 shares ofNeeded Industries common stock at $64 per share as a long-terminvestment. Needed has 200,000 shares of outstanding voting commonstock. The 2 answers

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