K Corporation Is 100 Percent Owned by Seller, Who Has

K Corporation is 100 percent owned by Seller, who has a basis in her stock of $10,000.K Corporation's sole asset is a waterbed factory worth $100,000 (basis $30,000) .If Buyer purchases all the stock of K Corporation for $100,000, Buyer will hold the waterbed factory with a basis in the factory of $30,000, much less than the cost to Buyer.If Buyer is not a corporation, Buyer would

A) Recognize a gain of $70,000 on the distribution of the property in liquidation
B) Have no gain on the liquidation because the basis in the stock, $100,000, is equivalent to the value of the assets received
C) Pay a single tax on the gain of $90,000 ($100,000 - $10,000 basis)
D) Do none of the above