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Julian transferred 100 percent of his stock in Lemon Company to Apricot Corporation in a Type B stock-for stock exchange. InCamille transfers property with a tax basis of $1,190 and a fair market value of $1.500 to a corporation in exchange for stoc

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Solution option (2) No loss mecognized and a basis in Apricot stock of stock of $ 850000) 850000 is correct. If Julian had so

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