According to priority, which of the following claims is satisfied first after dissolution?
A. creditors
B. creditor-partners
C. capital contributions
D. profits
Answer: A
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An S corporation distributes land with a basis of $60,000 and a FMV of $90,000 to its shareholder. The tax results of the distribution will be
A. $30,000 of gain recognized by the S corporation which is passed through to the shareholder. B. $30,000 of gain recognized by the S corporation and no pass-through to the shareholder. C. no gain recognized by the corporation but $30,000 of gain recognized by the shareholder. D. no gain to the corporation or to the shareholder.
Delivery of inputs to storage facilities prior to their use ______.
A. can contribute to increased potential for damage to inputs B. is an example of mura C. reduces cost of production D. can contribute to overproduction
Find the area under the normal curve between the Z values 0.05 and 2.03.
a. 45.89% b. 47.88% c. 1.99% d. 15.87%
________ is expressed in terms of providing explanations or accounts for decisions made.
A. Distributive justice B. Interactional justice C. Retributive justice D. Informational justice