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Red Company and Green, Inc., are candy manufacturers. The two companies agree to exchange pieces of equipment, with Red Company exchanging its equipment plus $30,000

Red Company and Green, Inc., are candy manufacturers. The two companies agree to exchange pieces of equipment, with Red Company exchanging its equipment plus $30,000 for Green, Inc.'s equipment. The transaction lacks commercial substance. On the date of the exchange, the companies' records showed the following information:

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