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Onine te.. X ) Canvas Connect New tab Caloulator Exercise 6-28 (Algorithmic) (LO. 2) tndigo Corporation wants to transfer cash of $5-46,400 ar propety worth
Onine te.. X ) Canvas Connect New tab Caloulator Exercise 6-28 (Algorithmic) (LO. 2) tndigo Corporation wants to transfer cash of $5-46,400 ar propety worth $346, 400 to one of its shareholders, Linda, in a redemption transaction that will be treated as a qualifying stock redemption, If Indigo distributes property, the corporation will choose between two assets that are each worth $546,400 and are no langer needed in its business: Property A thasis of $273,200) and Property B (basis of $710,320). a. The distribution of Property A would result in a b. The distribution of PropertyBec uld result in a S C. A sale of Property B to an unrelated party nould result in a to Indigo. ,disalowed -to Indigo. to Indigo. S--recognized
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