A Corporation Distributes Land and the Related Liability in a Nonliquidating

question 42

Multiple Choice

A corporation distributes land and the related liability in a nonliquidating distribution to a shareholder. The land (a capital asset) has an adjusted basis of $70,000, an FMV of $100,000 and is subject to a mortgage of $120,000. The corporation must recognize

• A) a $70,000 capital gain.
• B) no gain or loss.
• C) a $20,000 capital loss.
• D) a $50,000 capital gain.

Describe the COMA training evaluation model and its categories.

Explain the Internal Referencing Strategy (IRS) and its application in training program evaluation.

Differentiate between declarative and procedural learning, including assessment methods and their relevance to training transfer.

Analyze the managerial implications of adding a fifth element to Kirkpatrick's model and discuss the practicality of calculating training return on investment.

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Definitions:

Aluminum Production

The industrial process of extracting aluminum from its oxide, alumina, typically through the Hall-Héroult process.

Positive Externality

A benefit received by someone who had nothing to do with the activity that generated the benefit, often leading to an underproduction of the good/service in a free market.

Compensation

The complete sum of financial and non-financial compensation given to a worker by their employer in exchange for the work carried out as needed.

Marginal Seller

A seller who is indifferent about selling at the current market price and might leave the market if prices decrease.