Kole Owns a Warehouse Used in His Business Which Has

question 61

Multiple Choice

Kole owns a warehouse used in his business which has an adjusted basis of $240,000 and is subject to a mortgage with an $80,000 principal balance.Kole exchanges the warehouse for land worth $320,000.In addition,he receives cash of $40,000,and the other party will assume the mortgage.What is Kole's realized gain?

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

Recognize good and bad general investment guidelines.

Understand the concept of risk management in personal investment planning.

Identify the roles and responsibilities outlined in the governance section of an IPS.

Comprehend the principle of duration matching in investment management.

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Definitions:

Modern Approaches

Contemporary methods or strategies that incorporate the latest advancements, insights, or technologies in a particular field.

Cost Management

The process of planning and controlling the budget of a business or project, focusing on reducing costs and increasing efficiency.

Business Process Re-engineering

Business process re-engineering involves fundamentally rethinking and radically redesigning business processes to achieve dramatic improvements in critical measures of performance such as cost, service, and speed.

Radical Approach

An innovative or transformative strategy or methodology that significantly deviates from traditional practices.