Five shareholders each contribute $$10,000$ in exchange for a of FIU Corporation. Fifteen years later, FIU Corp. enters into a Under the plan, FIU Corporation distributes property with a FI $$50,000$ in liquidation subject to a $$100,000$ mortgage to the

What are the tax consequences to the shareholders of FIU Cor

The amount realized by the shareholders upon liquidation is net of $t$

The net amount received by the shareholders is only $$25,000$ or $$5,$

After subtracting their $$10,000$ basis, each shareholder would have

All of the above

None of the above