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Paradise Inc. is a public company. On January 1, 2019, ParadiseInc. purchased 10,000 common shares (15%) of Sandals Inc. for$115,000 in cash. Sandals had common

Paradise Inc. is a public company. On January 1, 2019, ParadiseInc. purchased 10,000 common shares (15%) of Sandals Inc. for$115,000 in cash. Sandals had common shares of $225,000 andretained earni 2 answers

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