Pam exchanges a rental building, which has an adjusted basis of $520,000, for investment land which has a fair market value of $700,000. in addition, pam receives $100,000 in cash. what is the recognized gain or loss and the basis of the investment land? a. $0 and $420,000. b. $100,000 and $420,000.
c. $100,000 and $520,000.
d. $280,000 and $700,000.
e. none of the above.

Option (d) is correct.

Explanation:

Given that,

Fair market value = 700,000

Cash received = 100,000

Adjusted basis = 520,000

Recognized gain:

= Value received - Adjusted basis

= [Fair market value + Cash received] -  Adjusted basis

= [700,000 + 100,000] - 520,000

= $280,000 Gain

The basis of investment land is equal to the fair market value of the investment land.

Basis investment land = $700,000

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

what

explanation: