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What gain does Beaverton have as a result

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Question - Beaverton Corporation distributed marketable securities and redemption of its stock in a complete liquidation. The securities have a basis of $400,000 and a fair market value of $490,000. What gain does Beaverton have as a result of the distribution?

a. $90,000 capital gain

b. $90,000 section 1231 gain

c. $90,000 ordinary gain

d. $0

Reference no: EM132721643

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