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Clifton Corporation acquired all of the outstanding Gillion stock on January 1 , Year 1 , for $ 7 , 9 2 3 , 0
Clifton Corporation acquired all of the outstanding Gillion stock on January Year for $ The parties immediately elected to file consolidated Federal income tax returns. Gillion reported a Year taxable loss of $ but it generated $ of taxable income in Year and $ in Year Gillion paid a $ dividend to Clifton in Year and a $ in Year
Compute Clifton's stock basis in Gillion on the last day of each of the indicated tax years.
Year : $fill in the blank
Year : $fill in the blank
Year : $fill in the blank
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