Tristan Transfers Property with a Tax Basis of $920 and a Fair

question 20

Multiple Choice

Tristan transfers property with a tax basis of $920 and a fair market value of $1,600 to a corporation in exchange for stock with a fair market value of $920 and $426 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $254 on the property transferred. What is the corporation's tax basis in the property received in the exchange?

• A) $1,600
• B) $1,346
• C) $1,174
• D) $920

Identify strategies and approaches for implementing major organizational changes.

Recognize the stages and models in the process of organizational change.

Understand the concept of learning organizations and strategies for fostering them.

Analyze factors leading to resistance to change and strategies for overcoming it.

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Definitions:

British-American Conflict

generally refers to the series of disputes and battles between the British Empire and its American colonies, culminating in the American Revolution of 1775-1783.

Second Continental Congress

A convention of delegates from the Thirteen Colonies that managed the colonial war effort during the American Revolution and adopted the Declaration of Independence.

Declaration Of Independence

A document adopted on July 4, 1776, by the Second Continental Congress, declaring the thirteen American colonies independent from British rule.