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Problem 1 1 - 0 3 ( Algo ) [ LO 1 1 - 1 ] Corporation P owns 9 3 percent of the outstanding

Problem 11-03(Algo)[LO 11-1]
Corporation P owns 93 percent of the outstanding stok of Corporation T. This year, the corporation's records provide the following information:
\table[[,Corporation P,Corporation T],[Ordinary operating income (loss),$530,000,$(215,000)
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