Richard exchanges a building with a basis of $35,000, and subject to a liability of $25,000, for land with a FMV of $50,000 owned by Bill. Bill takes the building subject to the liability. What is the amount of Richard's realized gain?
A) $0
B) $15,000
C) $25,000
D) $40,000
D) $40,000
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Answer the following statements true (T) or false (F)
1. The closing of a presentation should contain a summary and new information that was omitted during the presentation. 2. During the Q & A session after a presentation, you should admit it if you don’t know the answer to an audience question. 3. PowerPoint slides should have very little blank space. 4. Approximately 30% of all speakers experience anxiety to some degree before speaking.
Using the ________, parties identify bargaining issues, determine a costing methodology, and brainstorm options and solutions before making any proposals.
What will be an ideal response?
Use Scenario 12.1 to answer the question. What are total costs to make a quantity of 40,000 units per year?
A) $400,000 B) $450,000 C) $800,000 D) $850,000
Price-fixing is a violation of federal law
Indicate whether the statement is true or false