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Find what sandra must recognize a gain of

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Reference no: EM132731308

Problem 1: NoPo Corporation, a small business in the coffee roasting industry is liquidated, with Sandra receiving $5,000 in money and other property having a $6,000 FMV. Sandra's basis in her NoPo stock is $8,000. Upon liquidation, Sandra must recognize a gain of

Select one:

a. $11,000.
b. $3,000.
c. 0.
d. $2,000.

Reference no: EM132731308

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