Francine incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values and tax-adjusted bases. FMV Adjusted basis Inventory $ 51,750 $ 17,500 Building 151,500 115,500 Land 57,500 107,250 Total $ 260,750 $ 240,250 The corporation also assumed a mortgage of $69,000 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $191,750. a. What amount of gain or loss does Francine realize on the transfer of the property to her corporation

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.

$2.00 for three shots.