Question: Does Sec. 351 require shareholders to receive stock equal in value to the property transferred? Suppose Fred and Susan each transfer property worth $50,000 to

Does Sec. 351 require shareholders to receive stock equal in value to the property transferred? Suppose Fred and Susan each transfer property worth $50,000 to Spade Corporation. In ex-change, Fred receives 25 shares of Spade stock and Susan receives 75 shares. Are the Sec. 351 re-quirements met? Explain the tax consequences of the exchange

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