Which of the following is a distribution of a corporation?
a. A stock split
b. Redemption
c. A stock option
d. A stock dividend
b
You might also like to view...
The EXIT WHEN clause ensures that a basic loop runs at least once.
Answer the following statement true (T) or false (F)
TRUE or FALSE: VCs are rarely involved in the governance and management of a venture that they finance
a. TRUE b. FALSE
Assume that at the end of 2019, Clampett, Inc. (an S corporation) distributes property (fair market value of $40,000, basis of $5,000) to each of its four equal shareholders (aggregate distribution of $160,000). At the time of the distribution, Clampett, Inc., has no corporate earnings and profits and J.D. has a basis of $50,000 in his Clampett, Inc., stock. What is J.D.'s stock basis after the distribution?
A. $85,000. B. $90,000. C. $45,000. D. $50,000. E. None of the choices are correct.
In the context of Internet search, Boolean operands:
A. are quotation marks inserted around topic words. B. serve to limit the identified sites. C. provide access to the hidden Internet. D. direct users to other related topics.