Cape Corporation wants to acquire all of Mustang Corporation's assets and liabilities in a Type...
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Cape Corporation wants to acquire all of Mustang Corporation's assets and liabilities in a Type C reorganization. The FMV of Mustang's assets is $500,000. Mustang's liabilities are $70,000. How much cash can Cape Corporation use to pay for Mustang's assets without violating the Type C reorganization requirements
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