Ramona and Hermione formed Wiley Corporation on January 2.Ramona contributed cash of $205,000 in return for 50 percent of thecorporation??s stock. Hermione contributed a building

Ramona and Hermione formed Wiley Corporation on January 2.Ramona contributed cash of $205,000 in return for 50 percent of thecorporationâ??s stock. Hermione contributed a building and land withthe 2 answers