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A Corporation Is Owned 70% by Jones and 30% by Smith.Jones

question 46

Multiple Choice

A corporation is owned 70% by Jones and 30% by Smith.Jones owns 70 shares with a cost of $100 each.Smith owns 30 shares with a cost of $100 per share.Smith and Jones are not related.The company redeems Smith's 30 shares at a redemption price of $400 per share.No stock is redeemed from Jones.This is not a redemption to pay death taxes,and it is not a partial liquidation.Smith will recognize

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Definitions:

Evolutionary Psychology

A theoretical approach in psychology that attempts to explain useful mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.

Genetic Differences

are variations in the DNA sequences among individuals, which contribute to the diversity in physical traits and susceptibilities to certain diseases.

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External factors, such as climate, geography, pollutants, and social conditions, that can affect individuals' behavior, development, and health.

Brym and Lie

Sociologists known for their contributions to understanding social structures, processes, and changes within societies.