Jalen transferred his 10 percent interest to wolverine company as part of a complete liquidation of the company. in exchange, he received land with a fair market value of $100,000. jalen's basis in the wolverine stock was $50,000. the land had a basis for wolverine company of $80,000. what amount of gain does jalen recognize in the exchange and what is his basis in the land he receives?

Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u.s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.