Use the Following Information for Questions 112 Through 114

question 80

Multiple Choice

Use the following information for questions 112 through 114.
Two independent companies, Hager Co. and Shaw Co., are in the home building business. Each owns a tract of land held for development, but each would prefer to build on the other's land. They agree to exchange their land. An appraiser was hired, and from her report and the companies' records, the following information was obtained: The exchange was made, and based on the difference in appraised fair values, Shaw paid $60,000 to Hager. The exchange lacked commercial substance.
-The new land should be recorded on Hager's books at

• A) $336,000.
• B) $384,000.
• C) $420,000.
• D) $480,000.

---

Definitions:

PowerShell

A task-based command-line shell and scripting language designed especially for system administration.

Variable

An element, feature, or factor that is liable to vary or change; in programming, it refers to a storage location named by an identifier containing a value that can be modified.

Python

A good language for writing scripts because it is easy to learn and Python scripts can be run on most operating systems. The extension .py is used with Python files.

JavaScript

A programming language that can be run on any operating system. Creating and running command line JavaScript requires installing Node.js. The extension that identifies a JavaScript file is .js.