Sara transfers land (a capital asset) having a $30,000 adjusted basis to Temple Corporation in a Sec. 351 exchange. In return, Sara receives the following consideration: Consideration FMV100 shares of Temple common stock $100,000 50 shares of Temple qualified preferred stock 50,000 Temple note due in three years 20,000 Total $170,000Required:a. What are the amount and character of Sara's recognized gain or loss? b. What is Sara's basis in her common stock, preferred stock, and note? c. What is Temple's basis in the land?

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average.it is valued at greater than the sum of individual business units.