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The balance sheets of Parent and Sub Corporations at year-end 20X0 are summarized as follows: On January 1, 20X1 Parent purchased 100% of Sub Corporation's

The balance sheets of Parent and Sub Corporations at year-end 20X0 are summarized as follows: On January 1, 20X1 Parent purchased 100% of Sub Corporation's outstanding shares for cash of $2,000 when t...

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