Under a plan of complete liquidation, key corporation distributes land (not a disqualified property) with an adjusted basis of $410,000 and an fmv of $300,000 for all sharon's stock. sharon's basis in her 5% interest in the key stock is $250,000. find sharon's basis in the land and key corporation's recognized gain or loss.

Asemiprofessional baseball team near your town plays two home games each month at the local baseball park. they split the concessions 50/50 with the city, but keep revenue from ticket sales for themselves. the city charges the team $100 each month for the three-month season. the team pays the players and manager a total of $1,000 a month. the team charges $10 for each ticket, and the average customer spends $7 at the concession stand. attendance averages 30 people at each home game.in order to break even, how many tickets does the team need to sell for each game? a. 33b. 37c. 41e. 49f. 244