jonathanace95841 jonathanace95841

16-01-2024
Business

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Mr. Davis wants to transfer land to his corporation under section ITA 85(1). If he chooses an elected amount of $320,000 and receives common shares with an FMV of $320,000 and a promissory note for $80,000, what is the PUC of the shares?
a. $350,000
b. $320,000
c. $400,000
d. $250,000

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