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On March AI Quds Co. exchanged productive assets with Birzeit Co. AI- Quds assets is referred to below as 'Asset A' , and Birzeit is referred to as Asset B. The following facts pertains to these assets. information AI- Quds Company. Birzeit Company original cost 200,000. 100,000 acc dep. 90,000. 30,000 fMV. 760,000 cash paid. 30,000 cash received 30,000

Assume the exchange lacks commercial substance. The recognised gain by AI Quds Company is: a) 10,000 b). 50,000 c) 9,375 d) 40,625

AI- Quds Company. Birzeit Company cash received 30,000 cash paid. . . 30,000