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All the outstanding stock of X Corporation is owned by Ivan (80shares) and Flo (20 shares). X has no liabilities. Ivan contributedGain acre ($100,000 adjusted

All the outstanding stock of X Corporation is owned by Ivan (80shares) and Flo (20 shares). X has no liabilities. Ivan contributedGain acre ($100,000 adjusted basis, $400,000 fair market value) and 2 answers

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