Identify which of the following statements is true.
A) A parent corporation cannot liquidate a subsidiary corporation (having but a single class of stock) and avoid recognizing its realized gain unless the parent corporation owns at least 80% of the subsidiary's stock.
B) The liquidation of a subsidiary corporation must be completed within one tax year to receive nonrecognition treatment.
C) The provisions permitting a tax-free liquidation of a subsidiary corporation apply to both corporate and noncorporate shareholders of the subsidiary.
D) All of the above are false.
A) A parent corporation cannot liquidate a subsidiary corporation (having but a single class of stock) and avoid recognizing its realized gain unless the parent corporation owns at least 80% of the subsidiary's stock.
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Birken Co purchased a building for $600,000 in 2004 . At the end of 2016, when it had a book value of $450,000, it was appraised for $1,000,000 . A potential buyer offered $900,000 . Birken rejected the offer. What amount should is recorded on Birken's records at the end of 2016 in the account called Buildings?
a. $2,000,000 b. $800,000 c. $500,000 d. $350,000
Which of the following marketing orientations focuses primarily on improving efficiencies?
A) production orientation B) relationship orientation C) sales orientation D) consumer orientation E) social responsibility orientation
The payoffs for a mixed strategy game assumes that the game is played exactly one time
Indicate whether this statement is true or false.
The balance sheet value of a firm's assets minus the balance sheet amount of its liabilities is known as
A) par value. B) book value. C) liquidation value. D) market value.