In a sect351 transaction ava transfers the following assets

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In a §351 transaction, Ava transfers the following assets to O'Hagan Inc. in exchange for all of its stock: Asset Tax Basis FMV Inventory $5,000 $4,000 Equipment $15,000 $16,000 Furniture $9,000 $7,000 Total $29,000 $27,000 What is Ava's basis in the shares?

Reference no: EM13609353

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