The Following Information Pertains to the Transfer of Real Estate

question 17

Multiple Choice

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.

---

Definitions:

Antidepressant Drugs

Medications used to treat depressive disorders and related conditions, often by correcting imbalances in neurotransmitter levels.

Nutraceuticals

Food-based items that come with extra health perks over and above what's typically found in the nutritional makeup of foods.

St. John's Wort

A herbal remedy often used for treating depression and various conditions due to its believed antidepressant properties.

Melatonin

A hormone released by the pineal gland when a person’s surroundings are dark.