Tauber Inc

question 107

Multiple Choice

Tauber Inc.and J&I Company exchanged like-kind production assets.Tauber's asset had a $17,500 FMV and $3,000 adjusted tax basis,and J&I's asset had a $19,000 FMV and a $9,000 adjusted tax basis.Tauber paid $1,500 cash to J&I as part of the exchange.Which of the following statements is false?

• A)Tauber's realized gain is $14,500 and recognized gain is -0-.
• B)J&I's realized gain is $10,000 and recognized gain is -0-.
• C)Tauber's basis in its newly acquired asset is $4,500.
• D)J&I's basis in its newly acquired asset is $9,000.

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Definitions:

Internal Supply

The source of talent within an organization that can be utilized to fill open positions or roles through promotions or internal transfers.

Staffing Policies

Guidelines and practices that organizations follow to govern the recruitment, selection, and placement of employees.

Forecasting Costs

The process of estimating the expenses that will be incurred in the future by a business or project.

External Supply

External Supply refers to goods, materials, or services sourced from outside the organization to support its operations or production processes.