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The Following Information Pertains to the Transfer of Real Estate

question 17

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The following information pertains to the transfer of real estate in regards to a troubled debt restructuring by MSG Co. to Beta Co. in full settlement of MSG's liability to Beta: The following information pertains to the transfer of real estate in regards to a troubled debt restructuring by MSG Co. to Beta Co. in full settlement of MSG's liability to Beta:   What amount should MSG report as ordinary gain (loss)  on transfer of real estate? A)  $(25,000) . B)  $25,000. C)  $100,000. D)  $125,000. What amount should MSG report as ordinary gain (loss) on transfer of real estate?


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