Which of the following is not an adjustment to an S corporation shareholder's stock basis?
A. Increase for distributions during the year.
B. Increase for any contributions to the S corporation during the year.
C. Increase for shareholder's share of ordinary business income.
D. Decrease for shareholder's share of nondeductible items.
E. None of the choices are correct.
Answer: A
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Martha entered into a contract with Terry, an art dealer. According to the contract, Terry was to supply 18th century artifacts to Martha for the play she was directing, and Martha was ready to pay $50,000 for this. Another director needed the same artifacts and was ready to pay $60,000. Terry decided not to sell the artifacts to Martha. In this case, the court may order Terry to:
A. substantially perform the contract. B. pay nominal damages. C. specifically perform the contract. D. repudiate the contract.
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What will be an ideal response?
People who complain can be categorized as:
A. Voicers, irates, activists and passives B. Activists, mediators, chronic and passives C. Aggressives, passives and mediators D. Passives, activists, liaisons and negativists E. Irates, passives and aggressives
Perhaps the easiest way to break into international markets is to use a trade intermediary.
Answer the following statement true (T) or false (F)