Albert Transfers Land (Basis of $140,000 and Fair Market Value

question 16

Multiple Choice

Albert transfers land (basis of $140,000 and fair market value of $320,000) to Gold Corporation for 80% of its stock and a note payable in the amount of $80,000. Gold assumes Albert's mortgage on the land of $200,000.

• A) Albert has a recognized gain on the transfer of $140,000.
• B) Albert has a recognized gain on the transfer of $80,000.
• C) Albert has a recognized gain on the transfer of $60,000.
• D) Gold Corporation has a basis in the land of $220,000.
• E) None of the above.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

---

Definitions:

Laboratory Research

Laboratory research is a controlled method of scientific investigation in which phenomena can be studied under predetermined conditions.

Controlled Setting

A controlled setting is an environment where variables are manipulated or held constant to examine their effect on outcomes in an experimental study.

Confounding Factors

Variables that interfere with the clarity of the relationship between the independent and dependent variables in a study.

Confidentiality

The ethical principle or legal right that a physician or other healthcare provider will hold secret all information relating to a patient, unless the patient gives consent permitting disclosure.