Bob transferred property that ha an adjusted basis to him of $40,000 and a fair market value of $50,000 to Corporation Z i exchange for 100% of Z's only class of stock and $15,000 cash. At the time of the transfer the stock had a fair market value of $35,000. What is the amount of gain to be recognizedby Bod? a. $0 b. $10,000 c. $15,000 d. $25,000