A Flood Destroys Owen's Building That Cost $100,000 in 2007,which

question 117

Short Answer

A flood destroys Owen's building that cost $100,000 in 2007,which has an adjusted basis of $80,000.Owen's insurance company reimburses him $125,000 for his loss.Owen promptly reconstructs the building for $115,000.What is the minimum amount of gain that Owen must recognize and his basis in the new building?
$$\begin{array} { l l l } & { \text { Recognized } } & \text { New } \\& \underline { \text { Gain } }& \underline { \text { Basis }} \\\text { a. } & \$ - 0 - & \$ 80,000 \\\text { b. } & \$ - 0 - & \$ 115,000 \\\text { c. } & \$ 10,000 & \$ 80,000 \\\text { d. } & \$ 10,000 & \$ 115,000 \\\text { e. } & \$ 10,000 & \$ 150,000\end{array}$$

Recognize various types of biases and their impact on research outcomes.

Understand the principles of statistical significance in research findings.

Learn the importance of replication studies in research verification.

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Definitions:

Participative Decision-Making

A decision-making process in which all members of a group contribute to and influence the outcome of a decision.

Coercion

Involves compelling an individual to act in a certain way by using force or threats.

Resistance To Change

Refers to opposition or pushback by individuals or groups within an organization when they perceive that a change is threatening their norms, beliefs, procedures, or interests.

Organizational Development

An area of study and application focused on enhancing people's understanding and capability in achieving better organizational change and performance outcomes.