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In order to retain the services of Eve, a key employee in Ted's sole proprietorship. Ted contracts with Eve to make her20% owner. Ted incorporates
In order to retain the services of Eve, a key employee in Ted's sole proprietorship. Ted contracts with Eve to make her20% owner. Ted incorporates the business, receiving in return 100% of the stock. Three days later, Ted transfers 309 of the stockato Eve. Under these circumstances, $ 351 will apply to the incorporation of Ted's business. True False
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