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George forms Plesko Corporation by transferring investment assets for 100% of the stock. At the time of the transfer, the assets were worth $48,000 and
George forms Plesko Corporation by transferring investment assets for 100% of the stock. At the time of the transfer, the assets were worth $48,000 and a basis of $108,000. What is the corporation's basis in his assets received? O $75,000 $108,000 O None of the answers are correct. O $25,000 $48,000
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