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2. The 10 equal shareholders of Shuffle Corp each have a $10,000 basis in their Shuffle common voting stock which has a $50,000 FMV. Shuffle

2. The 10 equal shareholders of Shuffle Corp each have a $10,000 basis in their Shuffle common voting stock which has a $50,000 FMV. Shuffle has $250,000 of E&P. What would result if the 10 shareholders each transfer all their common voting stock in return for common voting stock worth $25,000 and bonds with $25,000

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