Pursuant to a plan of corporate reorganization adopted in the current year, paul exchanged 2,000 shares of mpc corporation common stock which he had purchased for $400,000 for 2,400 shares of aim corporation common stock that have a fair market value of $800,000. as a result of the exchange, paul's recognized gain and his basis in the aim stock are: a. no recognized gain and basis of $400,000. b. no recognized gain and basis of $800,000. c. recognized gain of $200,000 and basis of $800,000. d. recognized gain of $400,000 and basis of $400,000.

The correct answer is b

Some disadvantages to leasing a car is that you are counting on someone to give you money every week or month depending on what you decided and if they don't have all of it well what if you needed that money now you as well have to pay not in full. a disadvantages to purchasing a new vehicle is if it is used then not all the time will absolutely everything work. its almost like a trail and era. although if it is a new car they will try to though all these specials and deals at you in your lease and it can be very overwhelming if you are not use to it.