Calculate lopez realized and recognized gain or loss

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Reference no: EM131263862

Lopez Company transfer a computer used in its business that has an adjusted basis of $300 and FMV of $1000 to Greene Company and receives in exchange a laser printer with an FMV of $600 that it will use in its business and cash of $400 a. Calculate Lopez realized and recognized gain or loss B. What is Lopez basis in the laser printer.

Reference no: EM131263862

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