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ragraph Corporation purchased land on January 1, 20X1, for $22,000. On June 10, 20X4, It sold the land to Its subsidiary, Sentence orporation, for $32,000.

ragraph Corporation purchased land on January 1, 20X1, for $22,000. On June 10, 20X4, It sold the land to Its subsidiary, Sentence orporation, for $32,000. Paragraph owns 60 percent of Sentence's voti...

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