{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T18:15:19-04:00", "answer_date": "2024-05-27 18:15:19", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1794985", "url": "\/study-help\/questions\/question-12-ayanna-corporation-is-owned-eighty-percent-80-by-1794985", "question_creation_date_js": "2024-05-27T18:15:19-04:00", "question_creation_date": "May 27, 2024 06:15 PM", "meta_title": "[Solved] QUESTION 12 Ayanna Corporation is owned e | SolutionInn", "meta_description": "Answer of - QUESTION 12 Ayanna Corporation is owned eighty percent (80%) by Kendra and twenty percent (20%) by Barbara who are unr | SolutionInn", "meta_keywords": "question,12,ayanna,corporation,owned,eighty,percent,80%,kendra,twenty,20%,barbara", "question_title_h1": " QUESTION 12 Ayanna Corporation is owned eighty percent (80%) by Kendra and twenty percent (20%) by Barbara who are unrelated to each other. Pursuant", "question_title": " QUESTION 12 Ayanna Corporation is owned eighty percent (80%) by Kendra", "question_title_for_js_snippet": "QUESTION 12 Ayanna Corporation is owned eighty percent (80 ) by Kendra and twenty percent (20 ) by Barbara who are unrelated to each other Pursuant to a Complete Liquidation, Ayanna Corporation distributed Land that had a Fair Market Value on the date of distribution of $100,000 and a basis to Ayanna Corporation of $200,000 The Land was acquired by Ayanna Corporation in a Section 351 transfer two (2) years ago from Barbara when its Fair Market Value was $150,000 (Assume that there was no business purpose for the transfer), What is the Recognized Loss for Ayanna Corporation if the Land is sold to an unrelated third party for $100 000 (instead of distributed to either shareholder) and the $100,000 proceeds of the sale are distributed proportionately (pro rata) to Kendra and Barbara (e eighty percent (80 ) to Kendra and twenty (20 ) to Barbara) O $20,000 O $10,000 $50,000 $ 0 ", "question_description": "\"image", "transcribed_text": "QUESTION 12 Ayanna Corporation is owned eighty percent (80%) by Kendra and twenty percent (20%) by Barbara who are unrelated to each other. Pursuant to a Complete Liquidation, Ayanna Corporation distributed Land that had a Fair Market Value on the date of distribution of $100,000 and a basis to Ayanna Corporation of $200,000 The Land was acquired by Ayanna Corporation in a Section 351 transfer two (2) years ago from Barbara when its Fair Market Value was $150,000 (Assume that there was no business purpose for the transfer), What is the Recognized Loss for Ayanna Corporation if the Land is sold to an unrelated third party for $100.000 (instead of distributed to either shareholder) and the $100,000 proceeds of the sale are distributed proportionately (pro-rata) to Kendra and Barbara (e. eighty percent (80%) to Kendra and twenty (20%) to Barbara)? O $20,000. O $10,000. $50,000. $ -0-", "related_book": { "title": "Financial Accounting", "isbn": "1260786528, 9781260786521", "edition": "6th Edition", "authors": "David Spiceland", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/2022\/04\/62500bf54e23d_10862500bf4e31b1.jpg", "uri": "\/textbooks\/financial-accounting-6th-edition-9781260786521", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8846705418", "uri": "\/textbooks\/your-book-of-wisdom-1st-edition-979-8846705418-167005", "name": "Your Book Of Wisdom", "edition": "1st Edition" }, "question_posted": "2024-05-27 18:15:19", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions-and-answers\/acculturation-is-an-extremely-important-topic-in-this-age-of", "description": "Acculturation is an extremely important topic in this age of globalization and multiculturalism; however, it remains an especially difficult topic to study. 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