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Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $235,000 in retum for 50 percent of the corporation's stock. Hermione contributed

Ramona and Hermione formed Wiley Corporation on January 2. Ramona contributed cash of $235,000 in retum for 50 percent of the corporation's stock. Hermione contributed a building and land with the fol 1 answer

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