Mary Transfers a Building (Adjusted Basis of $15,000 and Fair

question 42

Multiple Choice

Mary transfers a building (adjusted basis of $15,000 and fair market value of $90,000) to White Corporation. In return, Mary receives 80% of White Corporation's stock (worth $65,000) and an automobile (fair market value of $5,000) . In addition, there is an outstanding mortgage of $20,000 (taken out 15 years ago) on the building, which White Corporation assumes. With respect to this transaction:

• A) Mary's recognized gain is $10,000.
• B) Mary's recognized gain is $5,000.
• C) Mary has no recognized gain.
• D) White Corporation's basis in the building is $15,000.
• E) None of the above.

Recognize the foundations of trust within teams and how they affect team dynamics.

Describe factors that influence team cohesiveness and their implications on team performance.

Comprehend the structure and benefits of self-directed teams in organizational settings.

Evaluate the impact of globalization and knowledge management on the necessity for virtual teams.

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Definitions:

Accumulates

means to gather or collect items over time, often resulting in an increasing quantity.

Marbles

Small, round objects, typically made of glass, clay, steel, plastic, or agate, used as playing pieces in various children's games or as a collectible item.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, where an association is made between a behavior and a consequence for that behavior.

Token Economy

A behavioral modification technique based on the systematic reinforcement of target behavior. The reinforcements are tokens that can be exchanged for other reinforcements.