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2. Louisa exchanges business land with a $95,000 adjusted basis for $15,000 cash and business land with a $90,000FMV. What is the amount of gain

2. Louisa exchanges business land with a $95,000 adjusted basis for $15,000 cash and business land with a $90,000FMV. What is the amount of gain recognized on the exchange? A) $0 B) $5,000 C) $10,000 D) $15,000

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