During the Current Year, Ecru Corporation Is Liquidated and Distributes

question 63

Multiple Choice

During the current year, Ecru Corporation is liquidated and distributes its only asset, land, to Kena, the sole shareholder. On the date of distribution, the land has a basis of $250,000, a fair market value of $650,000, and is subject to a liability of $500,000. Kena, who takes the land subject to the liability, has a basis of $120,000 in the Ecru stock. With respect to the distribution of the land, which of the following statements is correct?

• A) Kena recognizes a gain of $530,000.
• B) Ecru Corporation recognizes a gain of $250,000.
• C) Kena recognizes a gain of $30,000.
• D) Kena has a basis of $250,000 in the land.
• E) None of the above.

Comprehend the role and impact of dispatching rules in scheduling effectiveness.

Recognize the importance of finite capacity scheduling and its advantages over rule-based scheduling.

Understand the principles and applications of Gantt charts in scheduling.

Grasp the concepts of forward and backward scheduling and their applications.

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Definitions:

Right Hand

Refers to the hand on the right side of the body, often associated with dominance or primary use in most activities for the majority of people.

Frequent Sessions

Regular and often repeated meetings or periods of activity, such as therapy or exercise classes, aimed at achieving a specific goal.

Crutch Walking

The technique of walking with the aid of crutches to support and balance the body while one or both legs are unable to bear weight.

Health Promotion

Efforts and policies aiming to increase control over and improve individual and communal health.