The City of Seattle gives Dotcom Corporation $120,000 cash and land worth $200,000 to induce it to relocate to Seattle. Dotcom Corporation did not spend the cash during the 12 months following the contribution. What are the tax consequences to Dotcom Corporation with respect to the contribution?
What will be an ideal response?
$320,000 income is recognized. Dotcom Corporation's basis in the land is $200,000.
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______ language is the deliberate, purposeful, and hurtful use of words intended to oppress someone who has a different skin color than the speaker.
Fill in the blank(s) with the appropriate word(s).
Which of the following forms of business organizations provide limited liability to all its owners?
A) general partnership B) corporation C) limited partnership D) both B and C
A small business owner uses Excel to track finance charges for customers using credit. Column A is Customer Name, Column B is Previous Balance, Column C is Annual Interest, Column D is Payments Made, Column E is Monthly Interest Rate, Column F is Finance Charge, and Column G is New Balance. What is the formula for Row 4 to calculate Finance Charge?
a. =B4*C4 b. =(B4-D4)*E4 c. =(B4-D4)*C4 d. =B4*E4
The Empirical Rule states that the percentage of observations in a data set (providing that the data set is bell shaped) that fall within one standard deviation of their mean is approximately 75%
Indicate whether the statement is true or false