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Gramado Company was created as wholly owned subsidiary of Porto Alegre Corporation on January ...

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Accounting

Gramado Company was created as wholly owned subsidiary of Porto Alegre
Corporation on January
1
,
Year
1
.
On that date, Porto Alegre invested $
4
2
,
0
0
0
in Gramado's capital stock.
Other than the capital investment on January
1
,
there were no
transactions involving stockholders' equity in Year 1
.
Dividends declared and paid o

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