Roberta Transfers Property with a Tax Basis of $400 and a Fair

question 49

Multiple Choice

Roberta transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with a fair market value of $350 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $150 on the property transferred. What is the amount realized by Roberta in the exchange?

• A)$500
• B)$400
• C)$350
• D)$250

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Definitions:

Lock Conditioning

A method of conditioning where the conditioned stimulus locks the response until the unconditioned stimulus is presented, although this term is not traditionally used in psychological literature, it seems to be a misunderstanding or miscreation.

Conditional Discrimination Task

A learning task where subjects learn to make distinctions between stimuli or responses based on conditional cues or contexts.

Behavioral Contrast

The change in the strength of one response occurring in the context of the changed reinforcement conditions for an alternative response.