In most states, a contract under seal is binding without consideration
Indicate whether the statement is true or false
False
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Crimes are offenses against society as a whole.
Answer the following statement true (T) or false (F)
Which of the following types of statement should be avoided in a training session, since they could be offensive?
a. “I’m not a member of a dominant group.” b. “I want to do my best to improve diversity here.” c. “I wish I was better at thinking about diversity issues.” d. “I don’t see race.”
The _________________________ package provides the capabilities of a job scheduler that sets up programs to run at specified times.
Fill in the blank(s) with the appropriate word(s).
The Serenity Corporation distributes $200,000 in cash to its shareholders during 2019. Accumulated earnings and profits are $80,000 as of January 1, 2019. Current earnings and profits for 2019 are $84,000. Jonas, the sole shareholder of Serenity Corporation, has a basis of $48,000 in his stock. What is the tax effect of the distribution for Jonas?
A. Jonas will recognize ordinary income of $164,000 and a capital gain of $36,000. B. Jonas will recognize ordinary income of $84,000, capital gain of $80,000, and a tax-free recovery of capital of $36,000. C. Jonas will recognize ordinary income of $164,000 and a tax-free return of capital of $36,000. D. Jonas will recognize ordinary income of $164,000 and a capital loss of $12,000. E. Jonas will recognize ordinary income of $200,000 and a capital loss of $12,000.