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Suppose SPA Corp. was formed by Sara Inc. (a C corporation that is 100% owned by Sara) and Sara's friend Tyson. In exchange for 50% of the stock of SPA, Sara contributed $100,000. In exchange for the remaining 50% of the SPA stock, Tyson contributed a building with a fair market value of $100,000 and an adjusted tax basis of $60,000. How much gain is Tyson required to recognize on the contribution? Is SPA eligible to elect S corporation status?
Anorexia Nervosa
A disorder marked by the pursuit of extreme thinness and by an extreme loss of weight.
Ethical Concerns
Issues or situations that require careful consideration of principles of right and wrong behavior, often arising in professional, social, and research contexts.
Eating Disorders
A range of psychological disorders characterized by abnormal or disturbed eating habits.
Early Childhood
A critical period in human development extending from birth to approximately 8 years of age, characterized by rapid physical, cognitive, social, and emotional growth.
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