One Consequence of a Property Distribution by a Corporation to a Shareholder

question 87

Multiple Choice

One consequence of a property distribution by a corporation to a shareholder is that

• A)the amount of the distribution is increased by any liability assumed by the shareholder.
• B)the holding period of the distributed property includes the holding period of the distributing corporation.
• C)the shareholder's basis in the distributed property is the same as the distributing corporation's basis.
• D)any liabilities assumed by the shareholder do not reduce the shareholder's basis.

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Definitions:

Piaget's Methods

Techniques used by Jean Piaget, including naturalistic observation and clinical interviews, to study cognitive development in children.

Moral Development

The process by which individuals learn to distinguish right from wrong and to develop attitudes and behaviors that are socially acceptable.

Elementary School

A school for early education that typically includes grades kindergarten through fifth or sixth grade, focusing on basic academic learning and social skills.

Researching

The act of systematically investigating and studying materials and sources to establish facts and reach new conclusions.