QUESTION 6 P forms S to acquire the assets of T. P contributes voting common stock to S with a value of $80,000 and also contributes cash of $20,000 to S. Immediately thereafter, T merges with and into S with S surviving. T's shareholders receive P voting common stock of $80,000 and $20,000 cash. T did not have any liabilities assumed by S in the merger, nor did S acquire any T asset subject to any liability in the merger. Which is true regarding the tax treatment of the transaction (select the best answer)? O A. P recognizes no gain on the formation of S. O B. P's tax basis in the stock of S immediately after the merger equals T's basis in its assets prior to the merger. O C. S's tax basis in the T assets immediately after the merger equals T's basis in the assets prior to the merger. O D. S's tax basis in the T assets immediately after the merger equals T's basis in the assets plus any gain recognized by T shareholders. O E. (B) and (D) OF. ( A), (B), and (C)