What were the parties trying to accomplish

Reference no: EM13945783

ket value of $100,000) to the corporation for additional stock. At the same time, Peggy, the other shareholder, acquires one share of stock for cash. After the two transfers, the percentages of stock ownership are as follows: 79% by Ted and 21% by Peggy.

a. What were the parties trying to accomplish?

b. Will it work? Explain.

Reference no: EM13945783

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