If a Corporation Has No E&P,a Distribution Is Ordinary Income

question 27

True/False

If a corporation has no E&P,a distribution is ordinary income to the extent of the shareholder's basis with any excess treated as capital gain.

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Definitions:

Coerce

To persuade (an unwilling person) to do something by using force or threats.

Role Modeling

The process of influencing others by exemplifying desirable behaviors and attitudes.

Self-Esteem

A person's personal assessment of their own value or importance.

Zone of Indifference

A concept referring to the range in which subordinates will accept and follow orders without resistance, based on their perception of the legitimacy of the command.