Identify which of the following statements is false.
A) When determining the use of an NOL carryover following a change of ownership, the old loss corporation and the new loss corporation may be the same for Sec. 382 purposes.
B) A new loss corporation that does not continue the business enterprise of the old loss corporation during the two-year period beginning on the date of the stock ownership change cannot use the net operating loss carryover.
C) One advantage of a tax-free reorganization is that losses realized as part of a tax-free reorganization are not recognized.
D) For purposes of Sec. 382, ownership changes are tested any time a 5% shareholder has a stock transaction affecting his ownership.
C) One advantage of a tax-free reorganization is that losses realized as part of a tax-free reorganization are not recognized.
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What will be an ideal response?
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Suppose that the number of customers arriving each hour at the only checkout counter at a local convenience store is approximately Poisson distributed with an expected arrival rate of 30 customers per hour. Let X represent the number of customers arriving per hour. The probabilities associated with X are shown below. ? P(X< 5) = 0.0000, P(X< 10) = 0.0000, P(X< 15) = 0.0009 P(X< 20) = 0.0219, P(X< 25) = 0.1572, P(X< 30) = 0.4757 P(X = 30) = 0.0726, P(X = 31) = 0.0703, P(X = 32) = 0.0659 P(X = 33) = 0.0599, P(X = 34) = 0.0529, P(X = 35) = 0.0453 What is the probability that the number of customers who arrive at this checkout counter in a given hour will be between 30 and 35 (inclusive)?
What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).