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Business, 18.11.2019 20:31 yoda78

Jones incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of nu co., a new corporation. to qualify for tax‐free incorporation, jones must be in control of nu immediately after the exchange. what percentage of nu's stock must jones own to qualify as "control" for this purpose? a. 50.00% b. 51.00% c. 66.67% d. 80.00%

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