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ABC Corporation (ABC owns 90% of the single dass of stock in Subsidiary Corporation. The other 10% is owned by Rosie, an individual, ABC basis

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ABC Corporation (ABC owns 90% of the single dass of stock in Subsidiary Corporation. The other 10% is owned by Rosie, an individual, ABC basis in its Subsidiary stock is $ 200.000 and Rosie's basies $90.000 Subsidiary distributed property A having an adjusted basis of 150,000 and an FMV of $120,000 to ABC, and property B wen a FMV of $30,000 and an adjusted basis of $60,000 to Rosle in a liquidating distribution. Subsidiary had $10 million of carings and profits at the date of liquidation What basis de ABC and Rosie have in the property received in the liquidating distribution? OA ABC's basis in property A $150,000: Rosie's in property B $90,000 B. ABC basis in property A $200,000, Rosie's basis in property B $50,000 OC. ABC in property A 5720,000: Rosie basis in property 500.000 OD. ABC basis in property A $150,000 Rosie's basis in property B $80,000 in property

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