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Prince Corporation is acquiring Jam Corporation in a Type A reorganization by exchanging 40% of its voting stock and $50,000 for all of Jam's assets (value of $850,000 and basis of $600,000) and liabilities ($200,000). The shareholders of Jam are Susan (650 shares) and Richard (350 shares). They bought their stock for $500 per share. What is the amount of gains or losses that Susan and Richard will recognize due to the reorganization? What is the value of the stock they received from Prince and what is their basis in the Prince stock?
Calculate basic earnings per share for the year ended and calculate diluted earnings per share for the year
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the flamingo grill is an upscale restaurant located in st. petersburg florida. to help plan an advertising campaign for
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