Shania,Taylor,and Kelly Form a Corporation with the Following Contributions

Multiple Choice

Shania,Taylor,and Kelly form a corporation with the following contributions.

A) If the corporation is a C corporation,Taylor has a recognized gain of $40,000,a stock basis of $100,000,and the corporation has a basis for the land of $100,000.
B) If the corporation is an S corporation,Kelly has a recognized gain or loss of $0,a stock basis of $110,000,and the corporation has a basis for the building of $110,000.
C) If the corporation is a C corporation,Shania has a recognized gain or loss of $0,a stock basis of $100,000,and the corporation has a basis for the cash of $100,000.
D) Only a.and c.are correct.
E) Only b.and c.are correct.