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Lana is planning to transfer 100 percent of her stock in Beauty Corporation, which has a FMV = $750,000 to Ugly Corporation. In the exchange

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Lana is planning to transfer 100 percent of her stock in Beauty Corporation, which has a FMV = $750,000 to Ugly Corporation. In the exchange she will receive a combination of stock in Ugly and cash. o What is the maximum amount of cash Lana can receive from Ugly if the transaction is to qualify as a Type A Merger

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