"A" owns 100 shares of Humdrum Corporation which he purchased several years ago for $10,000.  What are the tax consequences to A on the liquidation of Humdrum Corporation in the following alternative situations:   (a)  Humdrum distributes $20,000 to A in exchange for his stock?   (b)  What result in (a), above, in A receives $10,000 in the current year (year one) and $10,000 in year two?  Would there be any problem if Humdrum does not adopt a formal plan of complete liquidation in year one?

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