the corporate charter of kunkel company authorized the issuance of 28 million, $1 par common shares. during 2024, its first year of operations, kunkel had the following transactions: january 1 sold 3 million shares at $33 per share june 3 purchased 20 million shares of treasury stock at $36 per share december 28 sold the 4 million shares of treasury stock at $38 per share what amount should kunkel report as additional paid-in capital in its december 31, 2024, balance sheet?
Answers
The total additional paid-in capital that Kunkel should report in its December 31, 2024 balance sheet is $244,000,000.
To calculate the additional paid-in capital (APIC), we need to determine the total amount of proceeds received from the issuance of the common shares and subtract the par value of the shares issued.
On January 1, Kunkel sold 3 million shares at $33 per share. Therefore, the total proceeds from the issuance were: 3,000,000 shares x $33 per share = $99,000,000
The par value of the shares issued is: 3,000,000 shares x $1 par value per share = $3,000,000
So the additional paid-in capital from the January 1 issuance is: $99,000,000 - $3,000,000 = $96,000,000
On June 3, Kunkel purchased 20 million shares of treasury stock at $36 per share. The cost of the treasury stock is not relevant to the calculation of additional paid-in capital.
On December 28, Kunkel sold 4 million shares of treasury stock at $38 per share. Therefore, the total proceeds from the sale were: 4,000,000 shares x $38 per share = $152,000,000
The par value of the shares sold is: 4,000,000 shares x $1 par value per share = $4,000,000
So the additional paid-in capital from the December 28 sale of treasury stock is: $152,000,000 - $4,000,000 = $148,000,000
Therefore, the total additional paid-in capital that Kunkel should report in its December 31, 2024 balance sheet is: $96,000,000 + $148,000,000 = $244,000,000.
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Related Questions
How do you get cheap airline tickets?
Answers
Or
If you visit a site that to buy the tickets, turn on your incognito mode! Because prices go up if you visit that site more than once!!
Yw
Tom usually buys new devices such as PDAs, DVRs, and MP3 players only after his friends and family start owning these devices. In this car, Tom is an innovator. T/F
Answers
The correct answer is False. In this case, Tom is not an innovator but rather an early adopter. Innovators are the first individuals to adopt a new product or technology, often seeking novelty and being willing to take risks.
They are typically a small percentage of the population. On the other hand, early adopters are the second category of consumers who embrace new products after the innovators have paved the way. Early adopters are influenced by their social networks and tend to adopt new devices relatively early in the product lifecycle. Tom's behavior of purchasing devices after his friends and family start owning them indicates that he belongs to the early adopter category rather than being an innovator.
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have Exhibited 47.9 percent compounded annual sales growth in recent years. In response, Chobani has developed and released a line nondairy, coconut-based yogurts. As a bonus, this plant-based yogurt is not only dairy-free but also all natural without genetically modifie organisms, and it contains 25 percent less sugar than other nondairy options, 52 Questions 1. Generally speaking, what type of product is yogurt? Does your answer change for the different product categories that Chobani has defined for its offerings? 2. Is Chobani's introduction of yogurt for children a brand extension or a line extension? 3. How is Chobani positioning its various product categories currently? How is it communicating its current positioning strategy?
Answers
1. Generally speaking, yogurt is a dairy product made from fermented milk.
2. Chobani's introduction of yogurt for children is a line extension.
3. Chobani is positioning its various product categories based on the specific needs and wants of different consumer groups.
1. Yogurt is consumed by people of all ages and is available in a wide variety of flavors and styles. Chobani has defined four different product categories for its offerings. Greek Yogurt, Flip Yogurt, Less Sugar Yogurt, and Non-Dairy Yogurt are all available.
2. Chobani's introduction of yogurt for children is a line extension because it is aimed at a new target market but is still part of the Chobani brand and product line.
3. The company is using a health-focused and all-natural message to appeal to consumers who are looking for healthier options, such as less sugar yogurt and non-dairy yogurt. Chobani is also using a more indulgent message for its Flip Yogurt, which features flavors like S'mores and Mint Chocolate Chip. Chobani is communicating its current positioning strategy through various marketing campaigns, social media, and advertising.
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i will give $1000 to someone that can help me with this. and im being serious
Answers
Answer:
shell say to get your team together and lead if can do it do it, if you cant, don't
Explanation: you're the team leader you're supposed to be able to make decisions even the hard ones
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Mohamed is starting a new business. Before selling anything, he bought a motor van for $3500, a
market stall for $2000 and inventories for $1100. He did not pay in full for his inventories and still
owes $1000 for them. He borrowed $4000 from Ibrahim. After the above, he has $400 cash in hand
and $1000 cash at bank. Calculate the amount of his Capital.
Answers
Answer:
$3,500
Explanation:
b) list 3 ways in which cost are analyzed according to function
Answers
Cost analysis according to function involves examining costs based on their specific functions within an organization. Here are three ways in which costs can be analyzed according to function:
1. Direct costs: Direct costs are expenses that can be directly traced to a specific function or activity. These costs are directly associated with producing a particular product or delivering a specific service. Analyzing costs by function allows businesses to identify and allocate direct costs accurately. For example, in a manufacturing company, direct costs for a specific product may include raw materials, labor costs directly involved in production, and equipment maintenance costs specific to that product line.
2. Indirect costs: Indirect costs are expenses that are not directly tied to a specific function or activity but still contribute to the overall operation of the organization. These costs are shared among multiple functions or activities within the business. Analyzing costs by function helps in assigning a portion of indirect costs to different functions based on their usage or allocation criteria. Examples of indirect costs include rent, utilities, administrative salaries, and general supplies.
3. Overhead costs: Overhead costs encompass all the expenses that are necessary for running the business but cannot be directly assigned to a specific function or activity. These costs are incurred to support the overall operations of the organization. Analyzing costs by function helps in understanding the portion of overhead costs allocated to different functions based on their utilization or predetermined allocation methods. Overhead costs may include facility maintenance, depreciation of shared assets, insurance, and other general administrative expenses.
By analyzing costs according to function, businesses can gain insights into the specific expenses associated with each function or activity. This information allows for better cost management, budgeting, and decision-making within the organization.
Kindly Heart and 5 Star this answer and especially don't forgot to BRAINLIEST, thanks!Beginning in 9 years, (beginning of years 9,10 and 11) Sally Mander will receive three annual benefit checks of $18,000 each. If Sally assumes an interest rate of 7%, what is the present value of these checks?
a. $20,875
b. $24,510
c. $29,412
d. $31,233
Answers
The present value of these benefit checks is $28,513.62.
To calculate the present value of the benefit checks, to discount the future cash flows back to the present using the interest rate of 7%.
Given information:
Annual benefit checks: $18,000 each
Interest rate: 7%
Time periods: 9, 10, and 11 years
To calculate the present value (PV) of each benefit check, we can use the formula:
PV = CF / (1 + r)²n
Where:
PV = Present value
CF = Cash flow (annual benefit check)
r = Interest rate
n = Number of time periods
Let's calculate the present value of each benefit check and sum them up:
PV1 = $18,000 / (1 + 0.07)²
PV2 = $18,000 / (1 + 0.07)³
PV3 = $18,000 / (1 + 0.07)³
calculate the total present value by summing up the present values of the three benefit checks:
Total PV = PV1 + PV2 + PV3
Calculating each present value:
PV1 = $18,000 / (1.07)³
PV1 ≈ $10,133.83
PV2 = $18,000 / (1.07)³
PV2 ≈ $9,512.17
PV3 = $18,000 / (1.07)³
PV3 ≈ $8,867.62
Total PV = $10,133.83 + $9,512.17 + $8,867.62
Total PV ≈ $28,513.62
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Complete Question:
Beginning in 9 years, (beginning of years 9,10 and 11) Sally Mander will receive three annual benefit checks of $18,000 each. If Sally assumes an interest rate of 7%, what is the present value of these checks?
a. $20,875
b. $24,510
c. $29,412
d. $28,513.62.
which example best explains the concept of government failure? cessation of government business due to lack of funding the situation in which rebels overtake an established government a failure of governments to meet budgetary needs when government decisions lead to inefficient outcomes from the choices, please select the major factors that result in government failure.
Answers
The example that best explains the concept of government failure is c. when government decisions lead to inefficient outcomes.
Government failure refers to a situation where the government makes inefficient or ineffective decisions that do not meet the needs of the citizens. There are many factors that can contribute to government failure, including policy errors, bureaucracy, and corruption. Government failure can occur at any level of government, including local, state, and federal governments.
Examples of government failure include when the government fails to meet budgetary needs, when government decisions lead to inefficient outcomes, and when the government is unable to provide essential services to citizens. Other examples of government failure include policy errors such as unintended consequences or negative externalities. In addition, corruption can also contribute to government failure by reducing accountability and transparency. So, the example that best explains the concept of government failure is c. when government decisions lead to inefficient outcomes.
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Need help ASAP!
Select the described workplace culture from the drop-down menu below.
* workplace culture emphasizes everyone being in agreement
* workplace culture emphasizes development of new skills
* workplace culture emphasizes reacting quickly to change
* workplace culture emphasizes accomplishing goals
Answers
Answer:
The workplace culture emphasizes everyone being in agreement.
Explanation:
The workplace culture emphasizes everyone being in agreement.
An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.
It should helped to everyone to achieve their organizational target.
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✔ Consistency-oriented
workplace culture emphasizes everyone being in agreement.
✔ Involvement-oriented
workplace culture emphasizes development of new skills.
✔ Adaptive
workplace culture emphasizes reacting quickly to change.
✔ Achievement-based
workplace culture emphasizes accomplishing goals.
Explanation:
answer on edge
Which of the following is an example of nonverbal communication? shaking hands to greet a supervisor writing an email to a coworker talking on the telephone to a customer listening to a presentation at a meeting
Answers
Answer: shaking hands to greet a supervisor.
Explanation:
nonverbal communication is communication through a nonverbal platform. I.e eye contact, facial expressions, gestures, etc.
Which job in the Finance career would be best for someone who had knowledge of banking and credit systems and the ability to repetitively process transactions?
Accounts Clerk
Insurance Underwriters
Claims Clerk
Business Financial Manager
Answers
Answer:
B). Insurance Underwriter.
Explanation:
The job of 'Insurance Underwriter' would be the most appropriate career option for a person who possesses knowledge regarding the banking sector, as well as, credit organizations along with the potential to process transactions in repetition. In this job, he could use his knowledge for examining the data of the applicants and evaluate the risks associated in order to decide if the insurance is to be offered to them or not along with their necessary premiums and coverages in repetition. Thus, option B is the correct answer.
Preston is creating a business proposal for a new client. He decides to add a promotional brochure describing related company services to his proposal. In which section of the proposal should he include this promotional brochure?.
Answers
He can enter the promotional brochure at the explanation part about his business.
To write proposal business you can start with a tittle page. In the tittle page is filled by the name of your business. To add a promotional brochure you can add it at the explanation about service or product line. A business plan conclusion can be described as a summary of a business plan's strengths built to convince the reader of the company's success. Because companies create business plans to get funding or investors, the conclusion should focus on how the organization makes money and why it is a good investment. The purpose of writing business proposal is to attrack and to protect. Persuasion comes from the wording of the proposal. By explanation, a proposal provide that needs to be accepted by the reader in order to succeed.
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lin is making a presentation about road safety and wants to add images of road signs.
Answers
Answer:
I dont get what this is asking
Explanation:
This is not a question
am i sus???????????????????????? ajajjjjajajaajajJaJJJJj
Answers
Explanation:
I guess? I cant tell ....
Answer:
yes you are very suss and I'm sus so
Liability insurance is…
A. Insurance that will pay for damage to your car in the event of an accident
B. Insurance that will cover injuries to yourself in the event of an accident
C. Insurance that will pay for damage done by someone who doesn’t have insurance
D. Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
Answers
Answer:
D
Explanation:
Liability means being responsible for something, usually by law, so liability insurance is when insurance protects you from charges from the other party's injuries and/or damage to their car in the case of an accident.
Answer:
D. Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
Explanation:
two rivers that helped China develop
Answers
primero el rio Amarillo (Huang He) en el norte, y más tarde el Yangtze en el sur.
Two great rivers run through China Proper: the Yellow River in the north, and the Yangtze (or Yangzi ) River to the south
Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
Answers
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
Current assets are illiquid.
True
False
Answers
Answer:
true
Explanation:
Answer:
ture
Explanation:
Illiquid refers to an asset that cannot be quickly converted to cash. Such assets suffer a valuation loss when sold in exchange for cash. In other words, it is an uphill task to sell such assets owing to the utterly low trading activity due to a lack of investor interest. Some examples of inherently illiquid assets include houses and other real estate, cars, antiques, private company interests and some types of debt instruments. Certain collectibles and art pieces are often illiquid assets as well.
Suppose a lite insurance company selis a $200,000 1-year lecms iffe insurance policy to a 20yoat-old female for $230. According to the Nabional Vial Statistics Report. 58(21) the probablity that the female survives the year is 0999544 Compute and interpret the expected value of this pollcy to the insurance company The expected valje is s (Round to the nearest cent as needed) Which of the folowing interpretations of the expected valise is correct? Select the correct choice below and fir in the answer box to complete your choice (Round to the nearest cent as needed) A. The insurance company expects to make a maximum profit of 5 on every 20 -year-old fermale it insures for 1 year. B. The insurance company expects to make a profit of : on every 20-year-old female it insures for 1 month C. The irsurance company expecis to make a minimum proft of A on every 20 -year-old female it insures for 1 month D. The insurance compary empecta ta make a profit of 3 on every 20 -yeat-old female it inscires for 1 year
Answers
The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.
Expected value of this policy to the insurance company can be computed as follows:
Expected Value = (Probability of Survival * Amount Paid by the Policy Holder) - (Probability of Death * Amount Paid to the Policy Holder)
Probability of survival is given as 0.999544 and hence the probability of death is 1 - 0.999544 = 0.000456
Amount paid by the policyholder is given as $230 and amount paid to the policyholder in case of death is $200,000
Expected Value = (0.999544 * $230) - (0.000456 * $200,000)
Expected Value = $229.95
The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.
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The semi automatic lathe is 10000$ and the automatic lathe is is 100000 in the case what is the best among three options depending on the part quantity range
Answers
When deciding between a semi-automatic and automatic lathe, the best option depends on the part quantity range. If the production volume is low and the parts are relatively simple, then the semi-automatic lathe may be the more cost-effective choice.
The initial investment cost is significantly lower, and it requires less operator training and maintenance.
However, if the production volume is high and the parts are complex, then the automatic lathe may be the better option. It can handle larger volumes and more intricate parts with minimal operator intervention. While the upfront investment cost is much higher, it may be more efficient and cost-effective in the long run.
Ultimately, it is important to consider the specific needs of your production process and weigh the costs and benefits of each option. Consult with industry experts and evaluate the potential return on investment before making a decision.
To determine the best option among the semi-automatic lathe and the automatic lathe based on part quantity range, you need to consider the cost of each machine and their production capabilities. Here's a concise comparison:
1. Semi-automatic lathe ($10,000): This machine is more cost-effective upfront, making it suitable for small-scale manufacturing or producing lower part quantities. However, it might require more manual intervention and may not be as efficient in terms of production time.
2. Automatic lathe ($100,000): This machine is more expensive upfront, but it offers higher production efficiency, as it can produce parts with minimal manual intervention. This makes it suitable for large-scale manufacturing or when higher part quantities are required.
To choose the best option, consider the following factors:
- Production requirements: If you need to produce a high quantity of parts quickly, the automatic lathe may be the better choice.
- Budget constraints: If you have a limited budget, the semi-automatic lathe might be more suitable.
- Return on investment (ROI): Calculate the ROI for both machines based on your production needs and costs, and select the option that offers the best ROI over time.
In conclusion, the best choice depends on your production requirements, budget, and expected ROI. For lower part quantities, the semi-automatic lathe may be more suitable, while the automatic lathe is better for higher part quantities or more significant production demands.
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river city needs to raise money to build a bridge. designing the bridge and constructing it will require a long-term investment of funds. what source of financing would be representative of such a long-term funding requirement?
Answers
Issuance of bonds source of financing would be representative of such a long-term funding requirement. Thus, option D is correct.
What are the of bonds?Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute to the business a particular sum of money for a set length of time.
In exchange, the investor receives interest payments on a regular basis. Bonds are purchased by investors because they provide a stable, predictable income stream that may be used to offset the risks provided by volatile but higher-yielding equities and other riskier portfolio assets.
Bonds are also purchased by investors in order to collect interest on a regular basis until their original cash is refunded.
Therefore, option D is correct, If planning and building the bridge would necessitate a long-term investment of finances, the insurance of bonds would be representational of such a long-term funding requirement.
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How has the decision-making and operations of the bred bank changed due to the challenges imposed by the Covid 19 pandemic?
Answers
The Covid-19 pandemic has brought significant changes to the decision-making and operations of Bred Bank. The bank has had to adapt to various challenges imposed by the pandemic, leading to shifts in strategies and operations.
Due to the Covid-19 pandemic, Bred Bank has implemented several changes in its decision-making and operations. Firstly, the bank has shifted its focus to prioritize the safety and well-being of its customers and employees. This includes implementing remote work arrangements, enhanced sanitation protocols, and promoting digital banking services to minimize physical interactions. In terms of decision-making, Bred Bank has had to make adjustments to address the economic uncertainties and changing customer needs caused by the pandemic. This involves revising lending and investment strategies, providing financial relief measures to affected customers, and closely monitoring market trends and developments to mitigate risks.
Operationally, the bank has accelerated its digital transformation efforts to ensure seamless banking services and maintain customer satisfaction. This includes expanding online and mobile banking capabilities, introducing contactless transactions, and enhancing customer support through digital channels. Furthermore, Bred Bank has strengthened its risk management practices to assess and mitigate the potential impact of the pandemic on its operations and financial stability. This involves closely monitoring credit risks, liquidity management, and regulatory compliance.
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Select the correct answer.
From the following balances of Casper Inc., calculate the free cash flow of Casper Inc.
Answers
From the given balances of Casper Inc., the free cash flow of Casper Inc. can be calculated as $917,000. Hence the correct option is c.
Give a brief account on free cash flow.Free cash flow (FCF) refers to the cash a company generates after accounting for cash outflows in order to support its business and maintain its fixed assets. Unlike earnings and net income, free cash flow is a measure of profitability, excluding non-cash expenses on the income statement and including spending on equipment and assets, and changes in working capital from the balance sheet. increase.
Free cash flow = Net operating profit after taxes - Net investment in operating capital.
Net operating profit after taxes = Cash flow from operating activities
Net investment in operating capital = Sale of machinery + Dividend paid
Free cash flow = 1,000,000 - (30,000 + 53,000)
Free cash flow = 1,000,000 - 83,000
Free cash flow = $ 917,000
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I really need help please I’ll give brainlist.
Answers
Answer:
I pretty sure the answer should be emotion. I say this becausea good ad well play on emotion of a veiwer to make them think a certeain way.
Explanation:
Hope This Helps
Have A Great Day
help pleaseeeeeeeeeeeee
Answers
Answer:
Income
Explanation:
A budget shows a plan of how one will spend their income. It is, therefore, a plan of expenditure. A budget shows total expected income on one side and projected expenditure on the other side. The budget is balanced when income and expenses are equal.
based on the figure, if the economy starts at point a and ends up at point e, then in the short run, there was:
Answers
Based on the figure, if the economy starts at point A and ends up at point E, then in the short run, there was: an increase in aggregate demand.
What Is Aggregate Demand?The desire for all final products and services generated in an economy is measured as aggregate demand. The entire amount of money spent on those goods and services at a particular price point and time is referred to as aggregate demand.
How significant is aggregate demand, and what does it mean?An economic system's total demand for goods and services can be examined using the concept of aggregate demand. Macroeconomicians use it as a tool to assess or forecast the strength of the entire economy in a nation over a specific time period, typically one year.
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Which nims management characteristic refers to the number of subordinates.
Answers
The required return on the stock of Moe's Pizza is 12. 5 percent and aftertax required return on the company's debt is 3. 91 percent. The company's market value capital structure consists of 69 percent equity. The company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 1. 8 percent. The tax rate is 35 percent. What is the required return for the new project
Answers
Answer:
The required return on the stock of Moes pizza is 10.4 percent and after tax required return on the company’s debt is 3.28 percent. The company’s market value capital structure consists of 65 percent equity. The company is considering a new project that is less risky than current operations and it feels the risk adjustment factor is minus 1.5 percent. The tax rate is 35 percent.
in institutional management , the function of budgeting is
Answers
In institutional management, the function of budgeting is to estimate the financial consequences of the plan on business and control spending.
What is Budget?A budget refers to making financial planning for the expenses that are going to occur and controlling the spending of an individual. The budget gives an estimate of the expenses.
The planning process has a few drawbacks: it seems expensive, which affects the organization's budget; it also seems resistant to change, which is very difficult. The budget is useful for keeping an eye on the basics and common expenses.
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