Texas Corporation is undergoing a complete liquidation and distributes land to Robert, one of its shareholders, in exchange for all of Robert's stock. The land has a basis of $300,000 and an FMV of $400,000 on Texas Corporation's books and is subject to a $325,000 liability. Robert assumes the liability on the property. Robert's basis in his Texas Corporation stock is $100,000. What is the amount
of gain or loss recognized by Robert on the distribution?
A) $175,000 gain
B) $25,000 gain
C) $25,000 loss
D) No gain or loss is recognized.
C) $25,000 loss
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Answer the following statements true (T) or false (F)
1.As women change their behavior and roles, men may perceive both women and themselves differently and may change as well. 2.When we attribute it to something about the situation or environment, we identify an internal cause. 3.Allness, or thinking that we can know all there is to know about a person, place, or situation, is an attitude that some people carry with them from one relationship to another and thinking we know it all enhances our ability to perceive accurately. 4.By becoming aware of diverse perspectives and interacting with people whose standpoints differ significantly from our own, we can develop better-balanced perception. 5.Selective retention is the practice Jorge uses to recall things that reinforce his thinking and to forget things he finds objectionable.
Which of the following statements is true?
A. The prices of debt securities fall during recessions. B. Interest rates on neither the short-term securities nor the long-term securities fall in recession. C. Interest rates on long-term securities fall more than the interest rates on short-term securities in recession. D. Interest rates on short-term securities fall more than the interest rates on long-term securities in recession.
When Hershey created its international division in 2005, J.P. Bilbrey, the division's senior vice president, noted that Hershey would no longer utilize the extension strategy of exporting its chocolate products from the United States
Indicate whether the statement is true or false
A common law lien essentially includes:
A. possession by the improver as well as debt created by the improvement. B. possession by the court. C. a debt to the court created by the failure of a surety to pay a creditor. D. an improvement which does not become a part of the property.