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When Pheasant Corporation was formed under § 351, Kristen transferred property (basis of $26,000 and fair market value of $22,500) for § 1244 stock. Kristen's basis in the Pheasant stock is $26,000. Three years later, Pheasant Corporation goes bankrupt and its stock becomes worthless. Kristen, who is single, owned the stock as an investment. Kristen's loss is:
Threat of Entry
The risk existing businesses face when new competitors are able to enter the market or industry.
Existing Competitors
Companies that are currently operating in the same market and competing for the same customers.
Industry
A classification that refers to groups of companies that are related based on their primary business activities.
Bargaining Power
The relative ability of parties in a negotiation to exert influence over each other, often determining the terms and conditions of agreements.
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