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Question Spts Tiger Company exchanges assets with Michelson, Inc. Tier changes women with a book of $13,000 and a tal market value of $35.000 for

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Question Spts Tiger Company exchanges assets with Michelson, Inc. Tier changes women with a book of $13,000 and a tal market value of $35.000 for Michelson's machinery with book $15,000 and a fair market value of $30.000. Michelsons paid Tiger $5.000 The chance of assets has commercial substance. What is the amount of the recognised by Tier Coman? 55.000 315.000 $17.000 $22.000 No gain in recognized

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