Camille Transfers Property with a Tax Basis of $800 and a Fair

question 111

Multiple Choice

Camille transfers property with a tax basis of $800 and a fair market value of $1,200 to a corporation in exchange for stock with a fair market value of $850 and $350 in cash in a transaction that qualifies for deferral under section 351. Camille also incurred selling expenses of $100. What is the amount realized by Camille in the exchange?

• A)$1,200
• B)$1,100
• C)$850
• D)$750

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Definitions:

Marketing Research Approach

A systematic method that involves collecting and analyzing data to understand market trends, customer preferences, and product potential.

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision-making and strategic planning.

Marketing Driver

A factor or a set of factors that influences the demand for a product or service.