The following information pertains to the transfer of real estate in regards to a troubled debt restructuring by North Co. to Bell Co. in full settlement of North's liability to Bell: 
What amount should North report as ordinary gain (loss) on transfer of real estate?
Definitions:
Behavioral Component
A component of attitude that comprises the actions a person takes with regard to the issue at hand.
Physical State
The condition of matter with respect to structure, form, phase, or other physical properties.
Psychological Need
An essential and inherent requirement of humans to achieve psychological well-being, including needs for autonomy, competence, and relatedness.
Functional Need
The basic or essential requirement that consumers seek to fulfill with a product or service, often related to its practical or utilitarian aspect.
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