Question
Assume that John and Nan form a corporation. John transfers a property (A/B $200, FMV = $1,000) for 100 shares. Nan contributes $50 and $950
Assume that John and Nan form a corporation. John transfers a property (A/B $200, FMV = $1,000) for 100 shares. Nan contributes $50 and $950 worth of services to the corporation for 100 shares. Each share is worth $10.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
