Magenta corporation acquired land in a § 351 exchange one year ago. the land had a basis of $320,000 and a fair market value of $350,000 on the date of the transfer. magenta corporation has two shareholders, mark (70%) and megan (30%), who are brother and sister. magenta corporation adopts a plan of liquidation in the current year. on this date, the land has decreased in value to $250,000. magenta corporation sells the land for $250,000 and distributes the proceeds pro rata to mark and megan. what amount of loss may magenta corporation recognize on the sale of the land?

After discussing the options, the strategic management team has agreed that the pod coffee idea works well with the company's mission statement and decides that the company should move forward in exploring the pod coffee idea. in order to make sure that the pod coffee idea is a good one, and to see if there are other potential future endeavors to pursue, you must analyze the market situation and formulate a strategy. your boss asks you to start working on the pod coffee idea. what is your first stepa. your first step is to formulate a strategy for how to market the pod coffee concept. b. your first step is to consult with your boss and find out what he thinks about the pod coffee idea. c. your first step is to do some research to find out what your competitors are doing. d. your first step is to analyze the organization's strengths, weaknesses, opportunities, and threats.