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Question One (16 Points) Sarnia Inc. acquired 15% of the 100,000 outstanding common shares of London Ltd. on January 1, 2018, for a cash consideration

Question One (16 Points) Sarnia Inc. acquired 15% of the 100,000 outstanding common shares of London Ltd. on January 1, 2018, for a cash consideration of $150,000 and a further 10% of the company's co...

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