Robert and Sylvia propose to have their corporation, Wolverine Universal (WU), acquire another corporation, EMU Inc., in a stock-for-stock Type B...

Robert and Sylvia propose to have their corporation, Wolverine Universal (WU), acquire another corporation, EMU Inc., in a stock-for-stock Type B acquisition. The sole shareholder of EMU, Edie Eagle, will receive $465,000 of WU voting stock in the transaction. Edie's tax basis in her EMU stock is $160,000. (Negative amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.)

 7.

value:

1.00 points