On july 8, 2019, cynthia and her daughter constance agree to ex-change land they held for investment. both tracts are worth $18,000. cynthia acquired her land 4 years earlier for $9,000. constance paid $16,000 for her land the previous year.

(a) what are the tax effects of the exchange for cynthia and constance?
(b) on february 15, 2021, constance sells the land acquired in the exchange for $21,000. what are the tax effects of the sale?

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3