Need explanation please. . In a statutory merger, P Corporation...
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Accounting
Need explanation please. 
. In a statutory merger, P Corporation transfers assets worth $250,000 (basis $200,000) in exchange for M Corporation's stock worth $250,000. What is M Corporation's basis in the assets? a. $250,000 2Co (b $200,000 $50,000 d. None of the above
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