A wholly-owned subsidiary of a corporation is liquidated. The corporation has a basis of $300,000 in the stock of the subsidiary The corporation acquires asse that have a fair market value (FMV) of $250,000 and an adjusted basis of $150 What is this corporation's realized and recognized gain on the liquidation?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.