Question: On December 3 1 , 2 0 1 9 , Akron, Inc., purchased 5 percent of Zip Company's common shares on the open market in

On December 31,2019, Akron, Inc., purchased 5 percent of Zip Company's common shares on the open market in exchange for $15,650. On December 31,2020, Akron, Inc., acquires an additional 25 percent of Zip Company's outstanding common stock for $96,000.

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