Noah Sold Investment Land for $70,000 Cash and the Buyer's

question 38

Multiple Choice

Noah sold investment land for $70,000 cash and the buyer's assumption of Noah's $30,000 mortgage on the property.Noah paid a realtor's commission of $2,800 on the sale.What is Noah's realized gain if the land has an adjusted basis of $57,000?

• A)$43,000
• B)$40,200
• C)$13,000
• D)$10,200

Identify the importance of firm flexibility alongside being open to various solutions in negotiations.

Recognize the role of trust and honesty in successful negotiation outcomes.

Understand the necessity of clear, cooperative communication channels for effective negotiation.

Comprehend the various methods and tactics to enhance brainstorming and problem redefinition in negotiation.

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