Select the best answer. George. T Corp. distributed land worth $30,000 (basis $5,000) used in its business to its sole sh Assuming that T has substantial E&P, George's dividend and basis for the property will be how much? O A. Dividend: $5,000; Basis: $5,000 O B. Dividend:$5,000; Basis: $30,000 O C. Dividend: $30,000; Basis: $5,000 D. Dividend: $30,000, Basis: $30,000 94% Complete Exit & Resume Later