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Sammy Inc. purchased 80% of the outstanding voting shares ofMorgan Corp. for $360,000 on July 1, 2020. On that date, Morgan hadcommon shares and retained

Sammy Inc. purchased 80% of the outstanding voting shares ofMorgan Corp. for $360,000 on July 1, 2020. On that date, Morgan hadcommon shares and retained earnings worth $180,000 and $90,000,respect 2 answers

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