(Answered) 1 the following information was described in a note of

Accounting

1. The following information was described in a note of Canon Packing Co. "During August, Holland Products Corporation purchased 311,003 shares of the Company's common stock which constitutes approximately 35% of the stock outstanding. Holland has since obtained representation on the Board of Directors." "An affiliate of Holland Products Corporation acts as a food broker for Canon Packing in the greater New York City marketing area. The commissions for such services after August amounted to approximately $20,000." Why is this information disclosed?

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