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Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $250,000 par value, 10 percent first mortgage bonds
Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $250,000 par value, 10 percent first mortgage bonds to Stick for $257,000. The bo...
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