14 a,b

Pick the best answer based on the following information: Harold transfers the following to a newly formed corporation: Land (basis of $50,000 and FMV of $100,000 ) Building (basis of $50,000 and FMV of $400,000 ) Accounts payable of $10,000 (for personal vacation) Notes Payable 1 for building improvements of $85,000 a. No 357 (b) or 357 (c) problems b. $357(b) problem c. $357 (b) and $357 (c) problem so $357 (c) controls d. $357 (b) and $357 (c) problem so 357 (b) controls e. $357(c) problem What is it called when the shareholder's holding period is carried over to the corporation? a. dissolution b. attachment c. attached d. tacking e. holding period