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PROBLEMS 626 BB Corporation owns 70 percent of RR Corporation's voting common stock. On March 12, 20x4, RR sold land it had purchased for P140,000

PROBLEMS 626 BB Corporation owns 70 percent of RR Corporation's voting common stock. On March 12, 20x4, RR sold land it had purchased for P140,000 to BB for P185,000. BB plans to build a new warehouse...

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