Rita and Todd Exchange Real Estate in a Like-Kind Exchange

question 171

Multiple Choice

Rita and Todd exchange real estate in a like-kind exchange.Rita's property is subject to a $40,000 mortgage and has a basis of $75,000 (fair market value of $112,000) .She receives real estate with a fair market value of $72,000 and Todd assumes the mortgage.What is her recognized gain and adjusted basis for the real estate received?

• A)$0;$75,000.
• B)$37,000;$72,000.
• C)$37,000;$75,000.
• D)$40,000;$115,000.
• E)None of the above.

Recognize motivation psychology in real-life workplace scenarios.

Analyze the impact of different types of motivation on job performance.

Describe various performance-based pay systems and their applications.

Explain the role of job design in motivating employees.

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Definitions:

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