Use the Following Information for Questions

question 47

Multiple Choice

Use the following information for questions.is in financial difficulty and cannot pay a note due that day.It is a $600,000 note with $60,000 accrued interest payable to Piper, Inc.Piper agrees to accept from Nolte a building that has a fair value of $590,000, an original cost of $530,000, and accumulated depreciation of $130,000.
-Nolte should recognize a gain or loss on the disposal of the building of

• A)$0.
• B)$190,000 gain.
• C)$60,000 gain.
• D)$70,000 loss.

---

Definitions:

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime in a population.

South Korea

is a country located in East Asia, known for its advanced technology, dynamic culture, and rapid economic development since the mid-20th century, officially called the Republic of Korea.

Human Ecology

The interdisciplinary study of the relationship between humans and their natural, social, and built environments.

Differential Organization

A theory suggesting variations in social organizations are a result of adaptations to different environmental conditions or contexts.