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P Corp. is a large manufacturing enterprise with operations throughout Canada. Recently, as a long-term investment, they purchased a 40% interest in the common shares
P Corp. is a large manufacturing enterprise with operations throughout Canada. Recently, as a long-term investment, they purchased a 40% interest in the common shares of J Manufacturing Ltd., a public company, with the intention of obtaining representation on J's board of directors.. Instructions (a) Is this investment considered to be a non-strategic or strategic investment? Explain your reasoning. (b) What other factors, outside of percentage ownership, should be considered when determining significant influence? Provide 3
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