What is Navatek Corporation basis in the assets

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Question - Navatek Corporation adopts a plan of reorganization and exchanges 1,500 shares of its voting stock and $75,000 in cash for Santos Corporation's assets having a $300,000 adjusted basis and a $375,000 FMV. Santos Corporation is subsequently liquidated. What is Navatek Corporation's basis in the assets acquired in the exchange?

A) $225,000

B) $250,000

C) $300,000

D) $375,000

Reference no: EM132411940

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