Question

Smithers & Reilly (“S&R”) is a health-care consultancy firm located in the United States. On 1/1/20x1, S&R acquired a 15% interest in Tata and Associates, a competitor consultancy located in the UK.

Smithers & Reilly (“S&R”) is a health-care consultancy firm located in the United States.  On 1/1/20x1, S&R acquired a 15% interest in Tata and Associates, a competitor consultancy located in the UK.

The acquisition agreements states that:

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Smithers & Reilly (“S&R”) is a health-care consultancy firm located in the United States. On 1/1/20x1, S&R acquired a 15% interest in Tata and Associates, a competitor consultancy located in the UK.
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