que 9. Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock Albert's basis in stock received is . a. Albert has a recognized gain on the transfer of $140,000. b. Albert has a basis of $140,000 c. Albert has a basis of $320,000. d. Gold Corporation has a basis in the land of $220,000. e. None of the above. 10. Rhonda and Marta form Blue Corporation. Rhonda transfers land (basis of $60,00 and fair market value of $180,000) for 50 shares plus $20,000 cash. Marta transfers $160,000 cash for 50 shares in Blue Corporation. a. Rhonda's basis in the Blue Corporation stock is $60,00. b. Blue Corporation's basis in the land is $55,000. c. Blue Corporation's basis in the land is $180,000. d. Rhonda recognizes a gain on the transfer of $125,000. e. None of the above. que 9. Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock Albert's basis in stock received is . a. Albert has a recognized gain on the transfer of $140,000. b. Albert has a basis of $140,000 c. Albert has a basis of $320,000. d. Gold Corporation has a basis in the land of $220,000. e. None of the above. 10. Rhonda and Marta form Blue Corporation. Rhonda transfers land (basis of $60,00 and fair market value of $180,000) for 50 shares plus $20,000 cash. Marta transfers $160,000 cash for 50 shares in Blue Corporation. a. Rhonda's basis in the Blue Corporation stock is $60,00. b. Blue Corporation's basis in the land is $55,000. c. Blue Corporation's basis in the land is $180,000. d. Rhonda recognizes a gain on the transfer of $125,000. e. None of the above