How is the amount realized on an asset disposition calculated?
A) minus adjusted basis of property being disposed of
B) plus buyer's assumption of liabilities
C) plus FMV of other property received
D) minus seller's expenses
E) plus cash received
F) minus seller's assumption of liabilities
G) minus cash paid
Answer:
B) plus buyer's assumption of liabilities
C) plus FMV of other property received
D) minus seller's expenses
E) plus cash received
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