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Par Inc. purchased 70% of the outstanding voting shares of SubInc. for $700000 on July 1, 2020. On that date, Sub Inc. had commonshares and

Par Inc. purchased 70% of the outstanding voting shares of SubInc. for $700000 on July 1, 2020. On that date, Sub Inc. had commonshares and retained earnings worth $410,000 and $170,000,respectivel 2 answers

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