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2 Check my work 4 Mrs. Peanut-Butter, a widow, paid $184,000 for her home 20 years ago. She recently sold this home and moved in
2 Check my work 4 Mrs. Peanut-Butter, a widow, paid $184,000 for her home 20 years ago. She recently sold this home and moved in with her son on a permanent basis. Compute Mrs. Peanut-Butter's recognized gain or loss on the sale assuming that her amount realized was: (If the results of a transaction do not result in a gain or loss, select 'No gain/loss'.) 2 points a. $173,000. $ 11,000 eBook b. $335,000. Recognized loss No gain/loss : Recognized gain $ 0 c. $548,000. $ References 114,000
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