Lake City Corporation owns all the stock in Columbia Corporation. Pursuant to a plan of complete liquidation, Columbia distributes land having a $500,000 FMV and a $200,000 basis to Lake City. Columbia's gain with respect to the distribution will be __________.
A) no gain recognized.
B) $200,000.
C) $300,000.
D) $500,000.
A) no gain recognized.
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What would be the value of cell B8? (Hint: look at the chart.)
a) 5,842.21
b) 6,565.08
c) 6,831.29
d) 6,978.91
e) 7,105.54
Terrence sells office equipment and is asked by a prospect, "How does your product compare to the one I'm currently using?" To prepare for this question, Terrence should have:
A. talked to former employees of his competitors. B. planned a trial close. C. checked his firm's code of ethics. D. examined the competition's ads. E. practiced question-avoidance techniques.
Kareem has allowed his employees to be cross-trained in other areas and allowed them to do different jobs. He has done which of the following?
A. job rotation B. job enrichment C. horizontal loading D. vertical loading
What is required by the substantial evidence test?
a. The conclusions reached must be supported by such relevant evidence as a reasonable mind might accept as adequate to support a conclusion. b. It requires the court to try the facts de novo. c. It requires only that the agency had a rational basis for reaching its decision. d. It requires proof beyond a reasonable doubt.