A Corporation Distributes Land with a FMV of $85,000 (Basis

question 19

Multiple Choice

A corporation distributes land with a FMV of $85,000 (basis $50,000) .The land has a mortgage of $95,000 assumed by the shareholder.Gain to the corporation is

• A)$0.
• B)$10,000.
• C)$35,000.
• D)$45,000.

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Definitions:

Leadership Theory

A framework or set of principles guiding how to lead, influence, and manage groups or organizations effectively.

Encouraging Change

The act of promoting or fostering adaptations, modifications, or transitions in behavior, practices, policies, or attitudes within a group or organization.

Facilitating Change

The process of supporting, guiding, or driving adjustments in organizational processes, culture, or structure to achieve desired outcomes.

Clarifying Behavior

Actions or statements undertaken to make ideas, expectations, or processes clearer and more understandable.