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Question 1: (12 marks) On January 1, 2016, Par Company purchased 7,000 shares of Sub Inc. (total shares issued 10,000) for $550,000 and uses the

Question 1: (12 marks) On January 1, 2016, Par Company purchased 7,000 shares of Sub Inc. (total shares issued 10,000) for $550,000 and uses the equity method to account for its investment in Sub Inc....

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