Yael Exchanges an Office Building Worth $150,000 for Investment Land

question 115

Multiple Choice

Yael exchanges an office building worth $150,000 for investment land worth $175,000.He also provided stock worth $25,000.Yael's adjusted basis in the building and stock is $180,000 and $11,000,respectively.How much gain or loss will Yael recognize on the exchange?

• A)$0
• B)($30,000)
• C)($16,000)
• D)$14,000

---

Definitions:

DNA Molecules

The fundamental and distinctive characteristics of organisms, encoded in long chains of nucleotides arranged in a double helix.

Cloning

The process of creating genetically identical copies of biological material, including genes, cells, or whole organisms.

Introns

Introns are non-coding sequences within a gene that are removed by RNA splicing during maturation of the final mRNA molecule.

Mature mRNA

The final form of messenger RNA (mRNA) after processing, ready for translation into a protein in the cytoplasm.