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Show the balance sheet of AST immediately following the transaction. FMV TAX BASIS FMV | TAX BASIS FMV TAX BASIS FMV TAX BASIS CASH INVESTMENT
Show the balance sheet of AST immediately following the transaction.
FMV TAX BASIS FMV | TAX BASIS FMV TAX BASIS FMV TAX BASIS CASH INVESTMENT A ACCOUNTS RECEIVABLE NVENTORY MACHINERY TAX ACCUMULATED DEPRECIATION COMPUTERS TAX ACCUMULATED DEPRECIATION NDEFINTE LIVES INTANGIBLES 75, 000 110, 000 125, 000 65, 000 150, 000 75, 000 100, 000 25,000 40, 000 900, 000 (900, 000) 30, 000 30, 000 9, 500 9, 500 40, 000 40, 000 35, 000 10, 000 36, 000 (36, 000) 275, 000 SERVICES 100, 000 50, 000 800, 000 250, 000) 550, 000 340, 000 (250, 000) 90,000 20, 000 (50, 000) 70, 000 65, 000 (50, 000) 15, 000 TOTAL CONTRIBUTED 09, 500 9, 500 50, 000 DEBT NET CONTRIBUTED 109, 500 9, 500 50,000Step by Step Solution
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