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QRS Corporation is a calendar-year corporation. Ann and Pauleach own 50% of the corporation's stock. Ann's adjusted basis inher QRS stock is 7,800 and Paul's

QRS Corporation is a calendar-year corporation. Ann and Pauleach own 50% of the corporation's stock. Ann's adjusted basis inher QRS stock is 7,800 and Paul's adjusted basis in his stock is$4,300. Q 2 answers

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