When an S corporation distributes appreciated property to its shareholders, the S corporation recognizes gain as though it had sold the appreciated property for its fair market value just prior to the distribution.
Answer the following statement true (T) or false (F)
True
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The future value of $50,000 deposited today and compounded quarterly at an 8% annual interest rate for seven years is
A) $57,434. B) $87,051. C) $85,691. D) $78,000.
Faye is very upset at Don. She has been waiting for him all day so they can discuss their issue. Faye knows she needs to talk calmly and get to the point, but she is distracted with Don’s attitude. She feels that he is upset about the situation. This makes her even madder because he should not be the one to be upset. When she confronts Don, he tells her that he is not mad. Don spends his time trying to convince her that he is not upset. After much convincing, Faye realized that she was ______.
A. stereotyping B. using primary effect C. halo effecting D. projecting
Ethical issues may arise when management dips into LIFO layers
a. when some LIFO liquidations are unavoidable due to shortages of raw materials. b. due to improved inventory control systems that reduce the amount of inventory needed. c. in order to manage earnings in a particular year rather than replenish inventories. d. all of the above. e. none of the above.
Which of the following is NOT one of the steps in the risk management process?
A. Risk assessment B. Risk identification C. Risk response development D. Risk response control E. Risk tracking