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What brenda recognized gain the year is

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Porblem 1: Brenda sold investment land for $250,000 in June. Her basis in the land was $75,000. The purchaser paid Brenda $75,000 cash and gave her his 5-year, interest-bearing note for the $175,000 remaining contract price. In December, Brenda received a $20,000 principle payment on the note. Brenda's recognized gain this year is

Reference no: EM132808766

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