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QUESTION 3 On January 1, 2017, P purchased 80% of the common stock of S for $80,000. S had common stock of $80,000 and retained

QUESTION 3 On January 1, 2017, P purchased 80% of the common stock of S for $80,000. S had common stock of $80,000 and retained earnings of $12,000 at that time. On December 31, 2021, the trial balanc...

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