Acme Corporation, a C Corporation acquires the stock of Beta Corporation, a C corporation, for $50 in cash from Betas shareholders. The shareholders basis in their shares is $15. Beta's basis in its assets is $25 and the fair market value of the assets is $100 (Ignore any depreciation recapture on these assets). 6. What is Beta's taxable gain on the sale?

a. $25 Capital Gain b. $75 Capital Gain c. No Gain d. $50 Capital Loss