Bob Owns a Warehouse That Is Used in Business While

question 53

Multiple Choice

Bob owns a warehouse that is used in business while Rebecca owns land.Bob exchanges the warehouse for the land,which will be held for investment.The FMV of the warehouse is $440,000 (basis $240,000) ,but the warehouse is subject to a mortgage of $80,000,which is assumed by Rebecca.Bob receives $40,000 cash and the land,which has a FMV of $320,000.Bob realizes a gain (loss) on the exchange of

• A)$80,000.
• B)$120,000.
• C)$190,000.
• D)$200,000.

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Definitions:

Low-Context

A communication style that relies on explicit, direct, and detailed verbal messages for understanding.

Active Listening

A communication technique that involves paying full attention to the speaker, understanding their message, and responding thoughtfully.

Directions Of Communication

Refers to the pathways or routes that communication takes within an organization, including upward, downward, and horizontal flows.

Vague Words

Words that lack specificity and clarity, often leading to misunderstandings or ambiguous interpretations in communication.