Jocelyn contributes land with a basis of $53,000 and fair market value of $79,500 and inventory with a basis of $14,200 and fair market value of $21,300 in exchange for 100% of Zion Corporation stock. The land is subject to a $13,250 mortgage. Determine Jocelyn's recognized gain or loss and the basis in the Zion stock received.

a

b

b

a

c

b

d

d

none of these are correct, as they are all sources of american law

a

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;