Kesha would have a taxable gain of $450,000. False b. Kiwi Corporation has a basis of $500,000 in the assets transferred to it by Kesha. True c. Kesha has a basis of $50,000 in the stock in Kiwi Corporation. True d. The $80,000 of trade payables are not considered to be liabilities for purposes of 357(c). True e. Kesha has excess liabilities over her tax basis. False