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Could you please help me with those questions Thanks XCorp and YCorp are each 100% owned by Xerxes. Xerxes has decided to amalgamate them without
Could you please help me with those questions Thanks
XCorp and YCorp are each 100% owned by Xerxes. Xerxes has decided to amalgamate them without triggering tax by using Section 87 of the Income Tax Act. XCorp had 200 common shares with a PUC and ACB of $500, and a FMV of $5,000. YCorp has 100 common shares with a PUC and ACB of $700, and a FMV of $6,000. What is the PUC and ACB of the amalgamated company's shares? C) 11,000 0 500 o 1,200 0 600
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