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16. Had been any from the labor Group's property pledged as safety or encumbered in any way at the conclusion of the reporting time period?

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eleven(b). During the reporting interval did the labor Group Have a very subsidiary organization as described in Area X of these Recommendations?

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Once more, everything is currently being contributed to The brand new entity. That is now my confusion. So it would appear that the contribution of your Cash and N/P would crank out a $one hundred fifty obtain because the liabilities exceed the belongings. If the answer, is report a acquire, that is straightforward. The achieve is noted, retained earnings nets to $0, the balance sheet is obvious as well as the entity features a $0 foundation inside the NewCo entity.

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