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. Question 1 (4 points) Black Co. purchased 100% of the outstanding common stock of Noir, Inc. on 1/1/2X for $500,000 in cash and stock.

. Question 1 (4 points) Black Co. purchased 100% of the outstanding common stock of Noir, Inc. on 1/1/2X for $500,000 in cash and stock. Black Co. accounts for the income of Noir, Inc. using the Cos...

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