$300,000 $100,000 $200,000 O None of the above. QUESTION8 Fir Corporation distributes all of its property in a complete liquidation. Debbie, a shareholder, receives $8.000 cash and securities having a fair market value of $32,000. The securities had been acquired three years ago by Fir as an investment for $24,000. Debbie has a $38,000 basis in her Fir stock. What is Debbie's basis in the securities received in the liquidation of Fir? $32,000 $38,000 $24,000 None of the above. QUESTION 9 Click Save and Submit to save and submit. Click Save All Answers to save all onswers Save All AnswersC 6 Appts S. 3 Appts 3 Appts O Ask me anything