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Poison Corporation holds 7 0 percent of Snake Company's voting common shares but none of its preferred shares. Summary balance sheets for the companies on

Poison Corporation holds 70 percent of Snake Company's voting common shares but none of its preferred shares. Summary balance sheets for the companies on December 31,201, are as follows:
\table[[,\table[[Poison],[Corporation]],Snake Company],[Assets],[Cash,$11,000,$29,000
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