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Ron's building,which was used in his business,was destroyed in a fire.Ron's adjusted basis in the building was $210,000,and its FMV was $330,000.Ron filed an insurance claim and was reimbursed $300,000.In that same year,Ron invested $240,000 of the insurance proceeds in another business building.Ron will recognize gain of
Food Shortages
Situations where the supply of food is insufficient to meet the demand, often leading to hunger, malnutrition, and increased food prices.
All-Female Cooperatives
Economic organizations entirely managed and operated by women aimed at promoting female entrepreneurship and economic independence.
Sea Islands Experiment
A Reconstruction-era project on the Sea Islands off the coast of South Carolina where formerly enslaved African Americans were given land to test the effects of land ownership.
Former Slaves
Individuals who were once enslaved but gained freedom, either through legal means, emancipation proclamations, or self-liberation efforts.
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