Sarah Transfers Property with an $80,000 Adjusted Basis and a $100,000

question 63

Multiple Choice

Sarah transfers property with an $80,000 adjusted basis and a $100,000 FMV to Super Corporation in a Sec. 351 transaction. Sarah receives stock with an $85,000 FMV and a short-term note with a $15,000 FMV. Sarah's basis in the stock is

• A)$100,000.
• B)$95,000.
• C)$85,000.
• D)$80,000.

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Definitions:

Perpetrators of Genocide

Individuals or groups who commit or are responsible for the act of genocide.

Psychopathic Killers

Individuals who commit murder and are characterized by psychopathy, a personality disorder marked by persistent antisocial behavior, impaired empathy, and bold, disinhibited traits.

External Restraint Theory

A sociological perspective that suggests individuals are deterred from engaging in deviant behavior by external factors such as laws, social norms, and peer pressure.

Frustration

A negative emotional state resulting from blocked goals or unmet needs.