Company A, which is in the business of manufacturing and selling paper goods, acquires Company...
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Accounting
Company A, which is in the business of manufacturing and selling paper goods, acquires Company B, which is in the business of providing computer services. Company A provides oversight for but does not manage the day-to-day affairs of Company B. If Company A sells Company B and uses the proceeds to repurchase stock, should the proceeds be treated as business or nonbusiness income, and what bearing does the unitary business principle have in this analysis? Your response should be a minimum of 2 paragraphs but no more than 2 pages
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