Dividends received by a corporation on an investment in the common and preferred stock of another corporation, where ownership in the dividend paying corporation is less than 20%, is subject to 70 percent exclusion for tax purposes
Indicate whether the statement is true or false
TRUE
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Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash, an investment with a fair value of $20,000 (inside basis of $10,000), and a parcel of land with a fair value of $10,000 (inside basis of $5,000) to Randolph in complete liquidation of his interest. RD has no liabilities at the date of the distribution. Randolph's basis in his RD Partnership interest is $48,000. What is Randolph's basis in the distributed investment and land?
A. $22,000 investment, $11,000 land. B. $10,000 investment, $5,000 land. C. $20,000 investment, $13,000 land. D. $20,000 investment, $10,000 land.
Describe how mobile devices have changed marketing communications
What will be an ideal response?
Kiddie Village is a successful daycare center. It focuses on actively developing, finding, and communicating new knowledge to its employees so that workers can modify their behavior to reflect this new knowledge. Kiddie Village is an example of a(n) _______ organization.
A. customer-focused B. learning C. research D. evolving E. 360-degree
Discuss the words or phrases a writer must avoid in order to build goodwill
What will be an ideal response?