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In a qualifying Section 351 transaction, Sarah transferred a building to Handle Co. in exchange for 100% of its stock. At the date of transfer, the building had a basis of $200,000, a fair market value of $225,000, and was subject to a liability of $210,000, which the corporation assumed. How much gain does Sarah recognize, and what is her basis in the shares of stock that she received?a)$10,000 recognized gain; $210,000 stock basisb)$25,000 recognized gain; $0 stock basisc)$10,000 recognized gain; $0 stock basisd)$0 recognized gain; $200,000 stock basis
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