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Business, 01.03.2021 22:20 ilovecatsomuchlolol

Raven Corporation owns three machines that it uses in its business. It no longer needs two of these machines and is considering distributing them to its two shareholders as a property dividend. All three machines have a fair market value of $20,000 each. The basis of each machine is as follows: Machine A, $27,000; Machine B, $20,000; and Machine C, $12,000. The corporation has asked you for advice. What do you recommend?

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Raven Corporation owns three machines that it uses in its business. It no longer needs two of these...
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