These facts will be used for questions 1 - 10. A, an individual, transfers land with an adjusted basis of 40 and fair market value of 100, to Newco in exchange for 50 Newco shares, fair market value of 100. B, an individual, transfers equipment with an adjusted basis of 70 and fair market value of 110 to Newco in exchange for 50 Newco shares, fair market value 100, plus GM (General Motors) stock with a fair market value of 10. 1. What is A's realized gain or loss? O a loss O 10 30 060 none of the above Question 2 (4 points) What is A's recognized gain or loss? O a loss o O 10 O 30 O 60 none of the above What is B's realized gain or loss? O a loss Oo O 10 O 30 060 Onone of the above