Claude purchased raw land three years ago for $2,500,000 to develop into lots and sell to individuals planning to build their dream homes. claude intended to treat this property as inventory, like his other development properties. before completing the development of the property, however, he decided to contribute it to south peak investors llc when it was worth $3,700,000, in exchange for a 10 percent capital and profits interest. south peak’s strategy is to hold land for investment purposes only and then sell it later at a gain. a. if south peak sells the property for $3,890,000 four years after claude’s contribution, how much gain or loss is recognized and what is its character? {hint: see §724.}

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; how many employees will be needed for jobs in the coming period;