Same facts as in Problem 1, except that the factory is encumbered with a mortgage...
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Accounting
Same facts as in Problem except that the factory is encumbered with a mortgage of $ On the contribution, Abby contributed the factory to the corporation in exchange for shares and assumption of the mortgage by AB Corp.
Same facts as in Problem except that the factory is encumbered with a mortgage of $ On the contribution, Abby contributed the factory to the corporation in exchange for shares and assumption of the mortgage by AB Corp.
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