Answered You can hire a professional tutor to get the answer.
Frank Spano owns 100% of the stock of widget Incorporated.
Frank Spano owns 100% of the stock of widget Incorporated. He transfer the manufacturing plant worth 100,000 with a basis of 50,000 to widget Incorporated in exchange for stock worth $70,000 and a $30,000 in cash Frank recognizes game in what amount?