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    Concepts in Federal Taxation
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    Exam 9: Acquisitions of Property
  5. Question
    Pedro Purchased All of the Stock of Regis Corporation
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Pedro Purchased All of the Stock of Regis Corporation

Question 83

Question 83

True/False

Pedro purchased all of the stock of Regis Corporation. Since he purchased all of the stock the basis in all of the corporation's assets must be restated to fair market value.

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