Stephanie's building, which was used in her business, was destroyed in a fire. Stephanie's adjusted basis in the building was $175,000, and its FMV was $210,000. Stephanie filed an insurance claim and was reimbursed $200,000. In that same year, Stephanie invested $180,000 of the insurance proceeds in another business building. If the proper election is made, Stephanie will recognize gain of

A) $0.
B) $15,000.
C) $20,000.
D) $25,000.


C) $20,000.



Business

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a. the internal view b. the conceptual view c. the subschema d. the external view

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Occupational Safety and Health Administration (OSHA) citations may be issued immediately following an inspection or later by mail.

Answer the following statement true (T) or false (F)

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If Ben Stewart has a checking account at First Bank:

A) the relationship between Ben and his bank is based primarily on their contractual agreement. B) First Bank is a creditor and Ben is a debtor. C) Ben is an agent of First Bank. D) First Bank must honor all of Ben's checks.

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This Act gave employees the right to organize and choose representatives to bargain on their behalf with employers

A) Norris-LaGuardia Act B) Wagner Act C) Taft-Hartley Act D) Landrum-Griffin Act

Business