Kristine Owns All of the Stock of a C Corporation

question 79

Multiple Choice

Kristine owns all of the stock of a C corporation which owns the following assets: * Potential § 1245 recapture of $45,000.
** Straight-line depreciation was used.
Her adjusted basis for her stock is $270,000.Calculate Kristine's recognized gain or loss and classify it as capital or ordinary if she sells her stock for $500,000.

• A)$230,000 ordinary income.
• B)$230,000 capital gain.
• C)$115,000 ordinary income and $115,000 capital gain.
• D)$110,000 ordinary income and $120,000 capital gain.
• E)None of the above.

Identify the levels of self-disclosure according to John Powell and their application in communication.

Explain the purpose and effects of self-disclosure in interpersonal relationships.

Describe the consequences of failing to engage in self-disclosure.

Understand the relationship between self-disclosure and self-awareness.

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