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Unformatted text preview: 29) a) 400,000 of the common stock and 80,000 or the preffered stock b) no it will not c) yes the rules will still be applied d) no e) yes f) the basis of the property acquired will equal the transferor's basis increased by any gain recognized to the transferor 31) assets bas 200,000 assets wor 800,000 liabilities 350,000 a) 450,000 b) 250,000 c) 800,000 d) basis is 2000, and holding period 3years 37) a,c,d,f,g 46) a) The control requirement is not met because its less than 80%, therefore it will not be violated b) No tax consequences c) yes it qualifies as a type B d) yes it qualifies as a type B...
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- Spring '11