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Frank spano owns 100 of the stock of widget incorporated he

Frank Spano owns 100% of the stock of widget Incorporated. He transfer the manufacturing plant worth 100,000 with a basis of 50,000 to widget Incorporated in exchange for stock worth $70,000 and a $30,000 in cash Frank recognizes game in what amount?

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Business Economics: Frank spano owns 100 of the stock of widget incorporated he

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