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Question Content AreaBrett owns stock in Oriole Corporation ( basis of $ 1 0 0 , 0 0 0 ) as an investment. Oriole distributes

Question Content AreaBrett owns stock in Oriole Corporation (basis of $100,000) as an investment. Oriole distributes property (fair market value of $375,000; basis of $187,500) to him during the year. Oriole has current E & P of $25,000(which includes the E & P gain on the property distribution), accumulated E & P of $100,000, and makes no other distributions during the year. What is Brett's capital gain on the distribution?
a. $187,500
b. $100,000
c. $0
d. $150,000

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