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. $40,000
C. $15,000
D. $25,000
Answer: B
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Bill George suggests that spending time with other ethnic groups or traveling to a developing country can help a person develop which characteristic of authentic leadership?
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I don't like living in Boston because ________ freeze in the winter temperatures
A) you B) I C) they
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B) ?will still be enforceable. C) will not require consideration from either side. D) will be legally sufficient.