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Question 5 3.03 points Save Answ Brad forms Vott Corporation by contributing equipment, which has a basis of $50,000 and an F
Webster, who owns all the Bear Corporation stock, purchases a dump truck from Bear Corporation in January. The truck cost $12
The check-the-box regulations permit an LLC to be taxed as a C corporation. True False
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Answer #1

Answer:

5

Answer: He recognizes a $5000 gain anmd a 10,000 Loss

=$50,000-$40,000 =$10,000

=$45,000-$40,000 =$5,000

>Answers:

Loss =$4000

= $10,000-$6,000= $4,000

Answers:

The Check the box regulations permit an lic to be taxed as a c corporation =True

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