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Problem 1. Abner, Betty and Clara form the ABC partnership. Abner contributes land worth $2500 in which A has a basis of $1000. Betty and

Problem 1. Abner, Betty and Clara form the ABC partnership. Abner contributes land worth $2500 in which A has a basis of $1000. Betty and Clara each contributes $1000 cash. Abner is to have a 50% ...

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