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The following information applies to the questions displayedbelow.]On January 1, 2019, Phoenix Co. acquired 100 percent of theoutstanding voting shares of Sedona Inc. for $680,000

The following information applies to the questions displayedbelow.]On January 1, 2019, Phoenix Co. acquired 100 percent of theoutstanding voting shares of Sedona Inc. for $680,000 cash. AtJanuary 2 answers

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