Question 30 Not yet arvswered Marked out of 100 Pick the best answer based on the following information: Harold transfers the following to a newly formed corporation: Land (basis of $50,000 and FMV of $100,000) Building (basis of $50,000 and FMV of $400,000) Accounts payable of $10,000 (for business supplies) Notes Payable 1 for building improvements of $85,000 I Flag Question O a $357(b) and 5357(c) problem so 5357(c) controls b. No $357(b) or 5357(c) problems Oc9357(c) problem Od S357(b) problem De $357(b) and 5357(c) problem so 357(b) controls Question 30 Not yet arvswered Marked out of 100 Pick the best answer based on the following information: Harold transfers the following to a newly formed corporation: Land (basis of $50,000 and FMV of $100,000) Building (basis of $50,000 and FMV of $400,000) Accounts payable of $10,000 (for business supplies) Notes Payable 1 for building improvements of $85,000 I Flag Question O a $357(b) and 5357(c) problem so 5357(c) controls b. No $357(b) or 5357(c) problems Oc9357(c) problem Od S357(b) problem De $357(b) and 5357(c) problem so 357(b) controls