Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies of $73,706.32 and $47,924.29 in excess profits taxes for the taxable years ended June 30 in 1942 and 1943. The questions for decisions are:
(1) What was the fair market value of the common stock of the petitioner on May 15, 1917?
(2) What is the equity invested capital of the petitioner with regard to the shares of stock issued by it on May 15, 1917?
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