Business, 27.01.2020 21:31 danielhall

on july 1, 2012, in connection with a recapitalization of yorktown corporation, robert moore exchanged 1,000 shares of stock which cost him $95,000 for 1,000 shares of new stock worth $108,000 and bonds in the principal amount of $10,000 with a fair market value of $10,500. what is the amount of moore’s recognized gain during 2012?
a. $0
b. $23,000

c. $10,500

d. $23,500

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on july 1, 2012, in connection with a recapitalization of yorktown corporation, robert moore exchang...

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