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47. Carole, Karmen, and Charles formed ABC Corporation. Carolereceived 60 percent of the stock in ABC Corporation in exchange forappreciated property, Karmen received 30 percent

47. Carole, Karmen, and Charles formed ABC Corporation. Carolereceived 60 percent of the stock in ABC Corporation in exchange forappreciated property, Karmen received 30 percent of the stock inABC 2 answers

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