A Transfers Machines Valued at $170,000 (Basis = $150,000) Along

question 4

Multiple Choice

A transfers machines valued at $170,000 (basis = $150,000) along with $30,000 cash to AB Corporation and B transfers real property valued at $320,000 (basis = $310,000) to the corporation. A receives 40 percent of the outstanding stock and B receives 60 percent. B also receives $20,000 from the corporation. What is B's basis for his AB stock?

• A) $340,000
• B)$320,000
• C) $310,000
• D) $300,000

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Definitions:

Optimal Transportation

The most efficient and cost-effective means of moving goods or services from one location to another, maximizing speed and minimizing expenses.

Overseas Vendors

Suppliers or manufacturers located in different countries from where the buyer is based, contributing to the global supply chain.

Plumbing Supplies

Tools, equipment, and materials used in plumbing work, including pipes, fittings, faucets, and fixtures necessary for the installation or repair of water supply and waste disposal systems.

Accessibility

The quality of being easy to approach, reach, enter, or use for people with disabilities.