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Camille also incurred selling expenses of 100 what is the

Question - Camille transfers property with a tax basis of $800 and a fair market value of $1,200 to a corporation in exchange for stock with a fair market value of $850 and $350 in a transaction that qualifies for deferral under Section 351. Camille also incurred selling expenses of $100. What is the amount realized by Camille in the exchange?

A. $1,100

B. $850

C. $1,200

D. $750

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Accounting Basics: Camille also incurred selling expenses of 100 what is the

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Accounting Basics: Camille also incurred selling expenses of 100 what is the

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