Hank Exchanged an Old Asset with a $12,000 Adjusted Basis

question 100

Multiple Choice

Hank exchanged an old asset with a $12,000 adjusted basis for a new asset with a $32,000 FMV plus $2,000 cash. Compute Hank's realized and recognized gain if the new and old assets are like-kind properties.

• A) $20,000 realized gain; $0 recognized gain
• B) $22,000 realized gain; $0 recognized gain
• C) $22,000 realized gain; $2,000 recognized gain
• D) $2,000 realized gain; $2,000 recognized gain

Evaluate the role of biological versus social contributions to gender differences.

Discuss the impact of media and culture on body image and gender perceptions.

Examine the consequences of gender norms on personal and professional lives.

Understand the role of parenting and education in reinforcing or challenging gender stereotypes.

---

Definitions:

Cheerful Demeanor

Exhibiting a consistently happy and positive attitude in one’s behavior and interactions with others.

Impending Death

The situation or condition of being near to or approaching the end of life.

Transtheoretical Model

A psychological theory that describes the process of intentional behavior change through stages, including precontemplation, contemplation, preparation, action, and maintenance.

Health Interventions

Actions or strategies aimed at improving health outcomes or preventing health problems.