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Stella purchases 30% ownership in Moose Partnership for $60,000. Moose owns the following assets; cash of $60,000, Inventory with basis of $18,000 and FMV of

Stella purchases 30% ownership in Moose Partnership for $60,000. Moose owns the following assets; cash of $60,000, Inventory with basis of $18,000 and FMV of $30,000 and land with a basis of $90,000 and FMV of $100,000. Stellas outside basis at the time of purchase is:

a. $60,000

b. $50,400

c. $57,000

d. $53,400

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