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Jack transfers equipment with FMV: $550,000; AB: $100,000 in exchange for 50% of the 10,000 shares of common stock of UTH. UTH gives him $50,000
Jack transfers equipment with FMV: $550,000; AB: $100,000 in exchange for 50% of the 10,000 shares of common stock of UTH. UTH gives him $50,000 cash. Jill transfers accounting services w/ FMV of $100...
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Survey of Accounting
Authors: Carl S. Warren
7th edition
1285974360, 1285183487, 9781285974361, 978-1285183480
