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Donna Marwick Case Summary

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Donna Marwick Case Summary
5) Donna Andersen and Dana Marwick formed the Northern Corporation on July 5, 2016. On the same date Andersen paid $90,000 cash to Northern for 900 shares of its common stock. Simultaneously, Marwick received 100 shares of Northern’s common stock for services rendered. How much should Marwick include as taxable income for 2016 and what will be the basis of her

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