Barbara transfers $10000 cash and machinery having a $15000basis and a $35000 FMV to Moore Corporation in exchange for 50shares of Moore stock. The machinery was used in Barbarasbusiness originally cost Barbara $50000 and is subject to a$28000 liability which Moore assumes. Sam exchanges $17000 cashfor the remaining 50 shares of Moore stock.
Barbara transfers $10000 cash and machinery having a $15000basis and a $35000 FM
March 18th, 2019 admin
You can leave a response, or trackback from your own site.