24. Which of the following statements about built-in gains tax is true? a. The recognized gain is allocated pro rata to its shareholders, thereby imposing a tax on the gain at the shareholder-level. b. The built-in gains tax prevents a S corporation from escaping tax at the entity-level for unrealized gains from periods during its earlier years as a C corporation. c. Only the amounts of appreciation generated during a corporation's existences as a C corporation are subject to the built-in gains tax. d. All of the above. 25. The LIFO recapture amount is the difference between: a. The amount of the corporation's inventory assets under the retail method and the amount of the corporation's inventory assets under the LIFO method. b. The amount of the corporation's inventory assets under the FIFO method and the amount of the corporation's inventory assets under the LIFO method. c. The amount of the corporation's inventory assets and fair market value. d. None of the above