aortiz597 aortiz597
  • 20-02-2020
  • Business
contestada

Pursuant to a complete liquidation, Oriole Corporation distributes to its shareholders land with a basis of $350,000 and a fair market value of $800,000. The land is subject to a liability of $920,000. What is Oriole’s recognized gain or loss on the distribution?

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lehayes200722
lehayes200722 lehayes200722
  • 22-02-2020

Answer:

*Pursuante*

Explanation:

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