Ferris, an individual taxpayer, received $15,000 cash and property valued at $30,000 in a complete liquidation of his holdings in Bowler Corp. Ferris' basis in Bowler stock was $1,000 and Bowler's basis in the property was $10,000. What is Ferris' gain or loss realized and recognized on the exchange of stock for Bowler assets and what is his basis in the non-cash property received

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.