11. On the formation of Newco, A transfers land ja 5 1231 at held long term with a be of $30,000 and a value of $40,000, and inventory with a basis of $30,000 and a exchange for 100 shares of Newco common stock v qualifies under What is A's basis in the Newco stock? Please explain your answer $300,000 What is A's ho What is Newco's t stock on the next day, how much would be short term captain and