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The following information applies to questions 7 - 10: Demonte and Felicia agreed to form a C corporation called Dee-Fee Corporation on December 1, 2021.

The following information applies to questions 7 - 10: Demonte and Felicia agreed to form a C corporation called "Dee-Fee Corporation" on December 1, 2021. Demonte contributed land with a basis of $20...

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