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Padre Ltd. holds 90 percent of the outstanding shares of Sonora Ltd. On January 1, 2019 , Padre Ltd. transferred equipment to Sonora for $95,000.

Padre Ltd. holds 90 percent of the outstanding shares of Sonora Ltd. On January 1, 2019 , Padre Ltd. transferred equipment to Sonora for $95,000. The equipment had cost $130,000 originally but had a $...

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