A Calendar Year C Corporation Reports a $41,000 NOL in 2019

question 108

Multiple Choice

A calendar year C corporation reports a $41,000 NOL in 2019, but it elects S status for 2020 and generates an NOL of $30,000 in that year. At all times during 2020, the stock of the corporation was owned by the same 10 shareholders, each of whom owned 10% of the stock. Kris, one of the 10 shareholders, holds an S stock basis of $2,300 at the beginning of 2020. How much of the 2020 loss, if any, can she deduct?

• A) $-0-
• B) $2,300
• C) $3,000
• D) $7,100

Recognize the legal rights of workers in terms of union dues and political activity.

Understand the balance required between property rights and labor rights within U.S. labor law.

Identify the significance of legal precursors and principles to current labor law, such as the doctrine that viewed unions as illegal under common law.

Understand the rights and illegal actions regarding union membership and employee support within unions.

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Definitions:

Planned Change

A deliberate effort to modify processes, systems, or structures within an organization to achieve desired outcomes.

Freezing

The process of solidifying or stabilizing new behaviors or changes within an organizational context to prevent regression.

Structuring Phase

The stage in project management or business planning where the objectives, roles, responsibilities, and timelines are defined and organized.

Refreezing Phase

This refers to the final stage in Lewin's change model where new behaviors or changes are solidified into the organization's culture, ensuring stability and longevity of the new status quo.