Bat Corporation distributes stock rights with a $20,000 FMV to its common stock shareholders. The $20,000 value of the stock rights at the time of distribution is less than 15% of the value of the underlying stock. Which of the following statements is true?
A) A shareholder must allocate basis to the rights based on the relative FMVs of the stock and the rights.
B) A shareholder cannot allocate any basis to the rights.
C) The basis in the rights is zero unless a shareholder makes a valid election to allocate basis to the rights.
D) The holding period for the rights begins on the day the rights are distributed in all cases.
C) The basis in the rights is zero unless a shareholder makes a valid election to allocate basis to the rights.
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The following transactions occurred during July:1. Received $1,600 cash for services performed during July. 2. Received $10,000 cash from the issuance of common stock to owners. 3. Received $800 from a customer as payment for services performed during June. 4. Billed $7,000 to customers for services performed on account in July. 5. Borrowed $5,000 from the bank and signed a promissory note. 6. Received $2,000 from a customer for services to be performed during August. As a result of these transactions, what is the amount of the increase to the Cash account?
A. $19,400. B. $4,400. C. $14,400. D. $26,400.
Compare and contrast Maslow’s hierarchy of needs theory with McClelland’s need theory.
What will be an ideal response?
Enumerated or bulleted lists
a. should be placed only in an appendix section of a business document. b. detract from the flow of the written message. c. can be used to add visual impact to items in a series. d. result in too much wasted white space in a business document.
____________________ or directives moving downward from superiors to subordinates usually require little persuasion
Fill in the blank(s) with correct word