Business, 26.03.2020 19:56 montoyaricardo3550

G Green Corporation's assets are valued at $1,246,500 after payment of all corporate debts, except for $186,975 of taxes payable on net gains it recognized on the liquidation. Bruno, an individual and the sole shareholder of Green, has a basis of $65,441 in his stock. Compute the gain or loss recognized by Bruno on the liquidation of Green Corporation. Bruno has a recognized of $ as a result of the liquidation.

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