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20-49 Liquidations ( 332). Assume the same facts as Problem 20-48 except that the stock is owned by T, Inc. a. How much, if any,

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20-49 Liquidations ( 332). Assume the same facts as Problem 20-48 except that the stock is owned by T, Inc. a. How much, if any, gain or loss must T recognize? b. What is the basis of the assets received by T, Inc? c. How much, if any, income must C Corporation recognize as a result of the liquidation

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