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Beta Corporation has not been able to pay its creditors in the last year To woid foreclosure, Beta transfets its assets valued at $650,000 and

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Beta Corporation has not been able to pay its creditors in the last year To woid foreclosure, Beta transfets its assets valued at $650,000 and fab lities of $700,000 to a new comporation, Apha, Inc. in accordance with a state court proceeding. The creditors receive shares of Apha voting stock valued at $300,000 and cance the outstanding debt. The former geta shareholders receive the remaining shares in . Npha. a. 1368(a)(1KA) b. 5368 a)(1)(B) c. 5368(a),1)(C) a. 5368(a)(1)(D) e. $366(a)(1)(E) 1. 3368(a)(1+) 9. 5368(a)(1)(a) h. None - thes is a taxable transaction Beta Corporation has not been able to pay its creditors in the last year To woid foreclosure, Beta transfets its assets valued at $650,000 and fab lities of $700,000 to a new comporation, Apha, Inc. in accordance with a state court proceeding. The creditors receive shares of Apha voting stock valued at $300,000 and cance the outstanding debt. The former geta shareholders receive the remaining shares in . Npha. a. 1368(a)(1KA) b. 5368 a)(1)(B) c. 5368(a),1)(C) a. 5368(a)(1)(D) e. $366(a)(1)(E) 1. 3368(a)(1+) 9. 5368(a)(1)(a) h. None - thes is a taxable transaction

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