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claudette inc , a c corporation, elects s corp status in 20x2. the corp has the following on the day of election cash 15,000. fmv
claudette inc , a c corporation, elects s corp status in 20x2. the corp has the following on the day of election
cash 15,000. fmv 15,000
accounta receivable 0. 50,000
equipment 70,000
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