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T merges into P under state law. T shareholders receive $ 4 0 0 , 0 0 0 of P stock and $ 1 0

T merges into P under state law. T shareholders receive $

400, 000

of P stock and $

100, 000

of cash. T shareholder basis in their stock is $

325, 000 .

How much gain do T shareholders recognize assuming all requirement of a Type A reorganization have been met?

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Answer In a Type A reorganization shareholders typically do not recognize gain or ... blur-text-image

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