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Business, 08.11.2019 23:31 matthewboeckman6831

Paper corporation adopts a plan of reorganization and exchanges 1,000 shares of its voting stock and $50,000 in cash for chase corporation's assets having a $200,000 adjusted basis and a $275,000 fmv. chase corporation is subsequently liquidated. what is paper corporation's basis in the assets acquired in the exchange?

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