______________ financing creates separate legal entities from the parent company. Since these entities are not wholly owned subsidiaries they can be hidden from the investors by keeping the entities off the financial statements.
a. Off-balance sheet
b. Off-shore
c. Cookie jar
d. Virtual
a. Off-balance sheet
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Without a sound explanation of the __________ for denying a request, refusing a claim, or revealing other bad news, a message will fail, no matter how cleverly it is organized or written
Fill in the blank(s) with correct word
The powers granted to the U.S. government are found in which article of the U.S. Constitution?
a. Article I b. Article II c. Article III d. Article IV
Effectiveness of recruiters is often the main reason for applicants to select one organization over another.
Answer the following statement true (T) or false (F)
Montclair Corporation had current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a distribution of land to its sole shareholder, Molly Pitcher. The land's fair market value was $200,000 and its tax and E&P basis to Montclair was $50,000. Molly assumed a liability of $25,000 attached to the land. The tax consequences of the distribution to Montclair in 20X3 would be:
A. No gain recognized and a reduction in E&P of $175,000. B. $150,000 gain recognized and a reduction in E&P of $175,000. C. No gain recognized and a reduction in E&P of $200,000. D. $150,000 gain recognized and a reduction in E&P of $200,000.