You transfer property with an adjusted basis of $20,000 and a fair market value of $31,000 in exchange for all of the stock in a new corporation. You receive 100 shares of stock with a fair market value of $16,000 and $10,000 in cash. The corporation also assumes a $5,000 mortgage on the property (for a legitimate business purpose). Determine the amount of gain realized and recognized.

Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.

Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. this is an example of a. extrinsic value b. interests c. intrinsic value d. external value

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.