Goose Corporation has a basis of $2.4 million in the stock of Swift Corporation. a wholly owned subsidiary acquired 30 years ago. Goose liquidates Swift Corporation and receives assests that are worth $2 million and have a basis to Swift of $1.7 million

A. Determine Goose Corporations's recognized gain or loss on the liquidation

B. Determine Goose Corporation's basis in the assets received in liquidation