Ocelot Corporation Is Merging into Tiger Corporation Under State Law

question 55

Multiple Choice

Ocelot Corporation is merging into Tiger Corporation under state law requirements. Ocelot transfers assets worth $300,000 to Tiger. Ocelot receives 30,000 shares of Tiger stock and $200,000 cash. Ocelot transfers the Tiger stock, $200,000 cash, and all of its liabilities ($50,000) to its shareholder, Van, in exchange for all of his Ocelot stock (basis $100,000) . Ocelot then liquidates. How is this transaction treated for tax purposes?

• A)Since this qualifies as a "Type A" reorganization, Van recognizes no gain.
• B)Since this qualifies as a "Type C" reorganization, Van recognizes a $200,000 gain.
• C)Since this qualifies as a "Type A" reorganization, Van recognizes a $150,000 gain.
• D)Since this does not qualify as a reorganization, Van recognizes a $150,000 gain.

Identify the specific structures and functionalities in various types of excretory systems.

Describe osmoregulation and the movement of water and ions in different environments.

Analyze the effects of substances like alcohol on excretory system functions.

Explain the principles of filtration, secretion, and reabsorption in the formation of urine.

---

Definitions:

Screen Applicants

The process of reviewing job candidates' resumes and qualifications to determine their suitability for a position.

Construct Validity

The extent to which a test measures what it claims to be measuring, assessing the theoretical constructs.

Personality Tests

Assessments designed to measure and evaluate an individual's character, traits, and behaviors to predict their suitability for roles or identify personality types.

Agreeableness

A personality trait that describes individuals who are kind, sympathetic, cooperative, warm, and considerate towards others.