Mr. brown transferred an office building to corporation j in exchange for 100% of corporation j’s stock and $30,000 in cash. the building had an adjusted basis of $150,000 and a fair market value of $250,000. the building was subject to a mortgage of $120,000, which corporation j assumed for a valid business reason. the fair market value of corporation j’s stock on the date is:

Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.