Jack transferred a building that had an adjusted basis of $75,000 and a fair market value of $130,000 to r corp. in exchange for 80% of r's only class of stock and a car with an adjusted basis to r of $25,000. the fmv of the stock at the time of the transfer was $100,000 and the car's fmv was $30,000. how much gain must r recognize on the exchange?

a. $30,000
b. $5,000
c. $100,000
d. $105,000

A. $30,000  

Explanation:

Jack realises gain of ( 100000 FMV of stock + 30000 FMV of car - 75000 Adjusted basis )

$ 55000

Jack recognises gain of $ 30000 i.e the FMV of the property ( car ) other than the stock received.

Therefore, The amount of gain that R must recognize on the exchange is $30,000.

answer; i believe the correct answer is (form utility); good luck

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.