Question: Enter problem statement appropriate input type, and other instructions here ABC Corporation (ABC owns 10% of the single class of stock in Subsidiary Corporation The

 Enter problem statement appropriate input type, and other instructions here ABC

Enter problem statement appropriate input type, and other instructions here ABC Corporation (ABC owns 10% of the single class of stock in Subsidiary Corporation The other 10% is owned by Rosie an individual ABC's basis in itaSubsidiary sock is $ 200.000 and Rosie's basis is $90,000. Subsidiary distributes property A having an adjusted basis of $150,000 and on FMV of $720,000 10 ABC, and property with a FMV of $80,000 and an adjusted basis of $60,000 to Rosie in a liquidating distribution Subsidiary had $10 million of earnings and profesor the date of liquidation What gain or loss must Subsidiary recognize on the liquidating distribution ? OA $20,000 gain on Property OB. No gain on either Property or OG $20,000 in on Property and 570,000 gain on Property OD 5570.00 gain on Property A

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