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Print Item Exercise 7-11 (Alrthmic) (LO. 2) Rebecca holds 100 shares of Gotchas stock that she purchased for $3,700 several years ago. In a merger

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Print Item Exercise 7-11 (Alrthmic) (LO. 2) Rebecca holds 100 shares of Gotchas stock that she purchased for $3,700 several years ago. In a merger of Gotchas into Solis, Inc Rebecca exchanges her 100 Gotchas shares for 1,000 Solis shares and $740. Gotchas is valued at $8i.40 per share and Solis at $7.40 per a. What is Rebecca's realized and recognized gain/loss from the reorganization? Assuming that this exchange qualities for tax-free treatment under 9 368, Rebecca's nealized gain is , her recognized gain b. What is Rebecca's basis in her Solis stock? d 39/2019 5 6 8 9

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