Paul Sells Property with an Adjusted Basis of $45,000 to His

question 86

Multiple Choice

Paul sells property with an adjusted basis of $45,000 to his daughter Dean, for $38,000. Dean subsequently sells the property to her brother, Preston, for $38,000. Three years later, Preston sells the property to Hun, an unrelated party, for $50,000. What is Preston's recognized gain or loss on the sale of the property to Hun?

• A) $0
• B) $5,000
• C) $12,000
• D) ($5,000)
• E) None of the above

Identify the factors affecting the span of control and strategies for its management.

Understand the relationship between organizational goals and the design processes of specialization, differentiation, and integration.

Understand the distinction between civil and criminal law.

Recognize the roles different types of law play in societal regulation, including public, private, and procedural law.

---

Definitions:

Chromatids

Each of the two strands of a chromosome that are joined together by a single centromere before cell division occurs.

Stages of Meiosis

A process in cell division where a single cell divides twice to produce four cells containing half the original amount of genetic information, typically involving stages such as prophase, metaphase, anaphase, and telophase, each occurring twice.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene arrangement but may differ in specific alleles.

Digital Rights Management

A set of access control technologies used to manage the use of copyrighted digital content.