Blaho corp. has a $300,000 basis in its 100 percent ownership of the stock of fraser corp. what are the tax consequences to blaho corp. and fraser corp. of the following alternative liquidating distributions made by fraser to blaho

Ray gives his son, mason, three bowls. these bowls have the same capacity, but each one differs slightly in its shape and size. ray tells his son that one of the bowls can hold more liters of oil than the other two bowls. mason points out that all the bowls, though may appear different in size and shape, can store the same volume of oil. in this case, ray was most likely testing mason's concept of