Q Corporation Had Assets with a Basis of $800,000 and No

question 22

Multiple Choice

Q Corporation had assets with a basis of $800,000 and no liabilities.P Corporation bought all the stock of Q Corporation for $1 million.Three years later, when Q Corporation's assets had shrunk to a basis of $600,000, P Corporation liquidated Q Corporation in a tax-free liquidation under § 332.What is P Corporation's basis in the assets received from Q Corporation? (Assume that P Corporation's basis in its assets not received from Q Corporation at the time of liquidation of Q was $750,000.)

• A)$400,000
• B)$800,000
• C)$1 million
• D)$600,000

Describe the pathway and process of blood circulation, including the heart's role in pumping deoxygenated blood.

Explain the role of valves in the cardiac cycle and their impact on blood flow.

Identify mechanisms that facilitate the return of blood to the heart.

Recognize the properties and functions of capillaries in the circulatory system.