351 No gain or loss shall be recognized property and to a corporation by one or more persons solely in exchange for stock in such corporation and mediately the exchange with person or persona in control as defined in section 368 of the corporation Under 5351 which of these out investment is a Table Evento None Event Choose Su Walker has owned all 200 shares of Lance Corporation's stock for the past six years This year. Megan Jones contributes property with a $100.000 basis and a $100.000 FMV I 100 new issued Lance shares. At the same time. Stu contributes $30.000 in cash for 30 newly issued Lance shares. What tax issues should Megan and Stuconsider with respect to the stock acquisitions? On Apill 2 of the current year, Jana transfers and with a basis of $40,000 and a formare value of $120,000 to Amish Corporation in exchange for all of its stock. She has original acquired the land on December 1, 2002 Choose Kiara purchased the land and building several years ago for 512.000 and $50.000 respectively Kiara has calmed straightine depreciation on the building Victor also received a Newco Corporation note for $10.000 due in three years. The role bears interest acceptable to the IRS Victor purchased the equipment three years ago for 550,000. Pam I receives 55,000 cash. Pam purchased the van two years ago 1or 20,000 Anton, Bettina and Caleform Cage Corporation. Each contributes appreciated property worth $10,000 for one of the Cage stock Defe the change. Anton arranges to his stock to Darma as soon as he receive it. Door Sedaspy? in the current year, Ed. Fra and George for Jet Corporation Edules and having a 155.000 FMV purchased as vestent four years ago to $75,000 351 No gain or loss shall be recognized property and to a corporation by one or more persons solely in exchange for stock in such corporation and mediately the exchange with person or persona in control as defined in section 368 of the corporation Under 5351 which of these out investment is a Table Evento None Event Choose Su Walker has owned all 200 shares of Lance Corporation's stock for the past six years This year. Megan Jones contributes property with a $100.000 basis and a $100.000 FMV I 100 new issued Lance shares. At the same time. Stu contributes $30.000 in cash for 30 newly issued Lance shares. What tax issues should Megan and Stuconsider with respect to the stock acquisitions? On Apill 2 of the current year, Jana transfers and with a basis of $40,000 and a formare value of $120,000 to Amish Corporation in exchange for all of its stock. She has original acquired the land on December 1, 2002 Choose Kiara purchased the land and building several years ago for 512.000 and $50.000 respectively Kiara has calmed straightine depreciation on the building Victor also received a Newco Corporation note for $10.000 due in three years. The role bears interest acceptable to the IRS Victor purchased the equipment three years ago for 550,000. Pam I receives 55,000 cash. Pam purchased the van two years ago 1or 20,000 Anton, Bettina and Caleform Cage Corporation. Each contributes appreciated property worth $10,000 for one of the Cage stock Defe the change. Anton arranges to his stock to Darma as soon as he receive it. Door Sedaspy? in the current year, Ed. Fra and George for Jet Corporation Edules and having a 155.000 FMV purchased as vestent four years ago to $75,000