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An individual contributes property with a basis of $15000, and fair market value of $20000...

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Accounting

An individual contributes property with a basis of $15000, and fair market value of $20000 to a corporation in return for 80% of the corporation's stock. The individual's stock basis after the transfer is: A. 15,000 B. 20,000 C. 35,000 D. 0

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