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The basis of stock received in exchange for property transferred to a controlled corporation is the same as the basis of the property transferred with
The basis of stock received in exchange for property transferred to a controlled corporation is the same as the basis of the property transferred with certain adjustments. All of the following would decrease the basis of the stock EXCEPT A. Any loss recognized on the exchange. B. The fair market value of other property received. C. Any amount treated as a dividend. D. Any money received.
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Management and Cost Accounting
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
6th edition
1292063467, 978-1292063461
