Katsu corp. distributes property to its shareholders as part of a complete liquidation. the fair market value of the property is $500,000, katsu's adjusted basis in the property is $150,000, and the property is subject to a liability of $200,000. what amount of gain will katsu recognize as a result of the transaction?
a. $150,000
b. $550,000
c. $300,000
d. $350,000

Gain will be $350000

So option (d) will be correct option

Explanation:

We have given fair market value of the property = $500000

Basis in the property = $150000

Property is subjected to a liability of $200000

We have to fond the gain

Gain will be equal to

Gain = market value of the property - basis in the property

So gain = $500000-$150000 = $350000

So option (D) will be correct option

i guess you could put raise the economic balance

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.