During a business lunch with a client, a colleague calls with bad news about another project. You should
a. answer the call at the table and discuss the situation without leaving the table.
b. answer the call at the table, listen to the news calmly, and tell your colleague you will call him back later.
c. excuse yourself from the table, take the call somewhere unobtrusive, handle anything you can handle quickly, and then tell your colleague you will call him back later.
d. let the phone continue to ring at the table without answering.
C
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On May 1 of this year, Ingrid sold her personal residence for $250,000. Commissions on the sale were $20,000. Ingrid also incurred $10,000 of costs for painting and repairs, which were all completed and paid for two weeks prior to the sale of her home. Ingrid's basis in her old home was $180,000. Ingrid's realized gain upon the sale of her first home is
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