Detail please 33. Theresa exchanges business land with a $125,000 adjusted...
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Accounting
Detail please 
33. Theresa exchanges business land with a $125,000 adjusted basis for $25,000 cash and business land with a $110,000 FMV. What is the amount of gain recognized on the exchange? A) $0 B) $4,000 C) $6,000 D) $10,000
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