Ken and Jim formed Oakland Company on January 2. Ken contributed cash of $450,000 in return for 50 percent of the corporation's stock. Jim contributed a property in return for 50 percent of the corporation's stock. The property Jim transferred to the corporation had a fair market value of $350,000 and a tax-adjusted basis of $200,000. To equalize the exchange, Oakland Company paid Jim $100,000 in addition to his stock. Assuming the transactions met the requirements under §351, determine Jim's tax basis in the stock he receives in return for his contribution of property to the corporation. a) $200,000.b) $250,000.c) $50,000.d) $350,000.e) $150,000.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent