Identify which of the following statements is true.

A) In general, a noncorporate shareholder that receives a distribution in complete liquidation of the liquidating corporation recognizes his or her entire realized gain as a capital gain.
B) The basis for nonmoney property received by a noncorporate shareholder as part of a liquidating distribution is the same as its basis on the books of the liquidating corporation.
C) The liquidating corporation does not recognize gains and losses when making a distribution of nonmoney property.
D) All of the above are false.


A) In general, a noncorporate shareholder that receives a distribution in complete liquidation of the liquidating corporation recognizes his or her entire realized gain as a capital gain.

Business

You might also like to view...

__________ provide both potentially positive and negative information to job candidates.

A. Realistic job previews B. Comprehensive C. Complex interviews D. Regulated job previews E. Propaganda videos

Business

A managerial preference for a very low degree of operating leverage might indicate that

a. an increase in sales volume is expected. b. a decrease in sales volume is expected. c. the firm is very unprofitable. d. the firm has very high fixed costs.

Business

Which of the following is an informal method used by marketers to evaluate connectors?

A) asking customers and other practitioners to identify promotional channels. B) having connectors answer in-depth, personal questionnaires. C) determining whether connectors will agree to carry product placement messages. D) meeting with each connector on an individual basis. E) hiring an investigative firm to conduct background checks.

Business

Which of the following would be a type of non-cost differentiation for a new venture?

a. Superior product b. Branding superiority c. Channel superiority d. All of the above

Business