15. Deli Corporation owns 40% of Meat Corporation and has a basis for its Meat Corporation stock of $50,000. Meat Corporation adopts a plan of complete liquidation and distributes cash of $10,000, real estate of $60,000 and other property of $15,000 to Deli Corporation as a result of the liquidation. What amount of gain is recognized to Deli Corporation on liquidation of Meat Corporation? a. -O- b. $10,000 C. $35,000 d. $85,000 16. In question 15 above, if Deli Corporation owned 80% of Meat Corporation, what amount of gain would be recognized by Deli Corporation in liquidation of Meat Corporation? a. -0- $10,000 C. $35,000 d. $85,000