Fernando Was a One-Third Shareholder in Rodriguez, Inc

question 28

Multiple Choice

Fernando was a one-third shareholder in Rodriguez, Inc.prior to its liquidation in March.Fernando's basis in his Rodriguez stock was $50,000.In March, Rodriguez distributed property worth $125,000 (basis $80,000) in complete liquidation of Fernando's Rodriguez shares.Fernando took the property subject to a $30,000 liability.How much taxable gain must Fernando recognize upon receipt of the property from Rodriguez?

• A)Zero
• B)$45,000
• C)$75,000
• D)$30,000

Understand the rights of businesses and individuals under investigation or penalized by the FTC.

Grasp the protection measures for consumers against unfair or deceptive practices across industries.

Comprehend the implications and enforcement of the Truth in Lending Act in consumer financing.

Distinguish between legal and prohibited marketing practices, including telemarketing and door-to-door sales.

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Definitions:

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Gender Characteristic

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Women's Health

A field of medicine and public health that focuses on conditions and diseases that specifically affect women, as well as approaches to improve women's health and well-being.

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