Question: Enter problem statement appropriate input type, and other instructions here. ABC Corporation (ABC owns 90% of the single class of stock in Sunday Corporation. The
Enter problem statement appropriate input type, and other instructions here. ABC Corporation (ABC owns 90% of the single class of stock in Sunday Corporation. The other 10% is owned by Rose, an individunt ABC's basis in its subsidiary stock in $ 200.000 and Rose basis 580,000. Subsidiary distributes property A having an adjusted basis of $150,000 and an FMV of 5720,000 to 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 milions of caring and profits at the date of liquidation What pain or lon must ABC and Rosie recognize on the liquidating datsbutions OA AC recognizes no pain or tom and Rose recopie - 310.000 capitatom. OB Nethe ABC Ronerecosure any gain orom. OC. And recognises dividend income of 5720.000 and Rosie recogie dividend income of $40,000 OD. ABC recognizes $520,000 capital gain and onio recogs $10,000 capital Enter problem statement appropriate input type, and other instructions here. ABC Corporation (ABC owns 90% of the single class of stock in Sunday Corporation. The other 10% is owned by Rose, an individunt ABC's basis in its subsidiary stock in $ 200.000 and Rose basis 580,000. Subsidiary distributes property A having an adjusted basis of $150,000 and an FMV of 5720,000 to 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 milions of caring and profits at the date of liquidation What pain or lon must ABC and Rosie recognize on the liquidating datsbutions OA AC recognizes no pain or tom and Rose recopie - 310.000 capitatom. OB Nethe ABC Ronerecosure any gain orom. OC. And recognises dividend income of 5720.000 and Rosie recogie dividend income of $40,000 OD. ABC recognizes $520,000 capital gain and onio recogs $10,000 capital
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