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The stock of Mint Corporation (E & P of $1.4 million) is owned as follows: 88% by Owl Corporation (basis of $880,000), and 12% by

The stock of Mint Corporation (E & P of $1.4 million) is owned as follows: 88% by Owl Corporation (basis of $880,000), and 12% by Allen (basis of $67,000). Both shareholders acquired their shares ...

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