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Homework Chapter 22.xlsx - Description Cash A/R Inventory...

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DescriptionTax BasisFMVG/LFranklin's ShareCash180001800000A/R012000120004000Inventory6900081000120004000Equipment1800002250004500015000Stock Investment4500030000Total3120003660006900023000-5000Basis in stock450008000Basis in Debt50005000Total tax basis5000013000Total loss2500025000Remaining basis12000Stock200000Debt5000300000-40000-40000-25000-2000012000
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40, total loss, 18000 0 69000 180000 45000 312000 G, 93500 50000 15000 15000 35000 6000 40000 34000 20000 20000 8000 5000 13000 25000 12000 0 40

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