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m transferred a car with adjusted basis of 10000 to Q corp in exchange for 12500...

m transferred a car with adjusted basis of 10000 to Q corp in exchange for 12500 cash & 90% of q's stock (valued at 14000). what is m's recognized gain

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Answer is highlighted in yellow: Solution: Answer: $ 12,500 Explanation: Fair value of Stock received Add: Cash/Non-cash boot

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