George transfers land ( basis of $ 1 4 0 K and fair market value of $
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George transfers land basis of $K and fair market value of $K to EB Corporation for of its stock and a note payable in the amount of $K EB assumes Georges mortgage on the land of $K What is the total recognized gain $k or $k Or some other number?
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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