What the resulting bases for evan''s stock and corporation, Accounting Basics

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What the resulting bases for evan''s stock and corporation

Evan transferred real estate to a corporation in a Code Section 351 transaction. The real estate was a capital asset in Evan's hands and will also be a capital asset when held by the corporation. Evan's basis in the real estate was $10,000 and the value of the real estate was $8,000 on the date of the transfer. If Evan received $2,000 in cash and 100 shares of stock from the corporation in exchange for the real estate, the resulting bases for Evan's stock and the corporations real estate are:

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Accounting Basics: What the resulting bases for evan''s stock and corporation

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Accounting Basics: What the resulting bases for evan''s stock and corporation

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Recent Questions Asked Accounting Basics

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Accounting Basics: What the resulting bases for evan''s stock and corporation

Reference No:- TGS047174

Recent Questions Asked Accounting Basics

Q : What amount of loss can be recognized by kenny corp

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Q : Derive the fundamental equation of the solow model

Q : What the resulting bases for evan''s stock and corporation

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Q : What is lou''s recognized gain or loss on this exchange

Q : Estimating value of a put option

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