Shuqin is working on the separation package for the CEO of A…

Shuqin is working on the separation package for the CEO of Airline A as they are combining with Airline B after the lost revenue due to the pandemic and travel bans. This plan is put forth to protect the company from the executive making decisions that would save their job at the expense of the company. What is this known as? 

AJAX owns land for business use that has an adjusted basis o…

AJAX owns land for business use that has an adjusted basis of $60,000. AJAX exchanged this parcel of land for some new land that had fair market value of $80,000, and $5,000 cash received in the exchange. This exchange qualifies for like-kind exchange treatment. Determine the amount of AJAX’s deferred gain, if any.