Landry exchanged land with an adjusted basis of $50,000 for another parcel of land worth $35,000 plus $10,000 of cash. Landry held the original land for investment purposes and will do the same with the new parcel. Due to the exchange, Landry will recognize

Landry exchanged land with an adjusted basis of $50,000 for another parcel of land worth $35,000 plus $10,000 of cash. Landry held the original land for investment purposes and will do the same with the new parcel. Due to the exchange, Landry will recognize

A) $10,000 gain.

B) $5,000 gain.

C) $5,000 loss.

D) $0.


D)          $0.

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Fill in the blank(s) with the appropriate word(s).

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Balancing a work cell is done:

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