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  3. b. false 37. paula transfers stock to her former s

b. False 37. Paula transfers stock to her former spouse, Antonio pursuant to a divorce...

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Accounting

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b. False 37. Paula transfers stock to her former spouse, Antonio pursuant to a divorce agreement. Paula's cost of the stock was $75,000 and its fair market value on the date of the transfer is $95,000. Paula must recognize a $20,000 gain on the transfer. a. True b. False

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