An S Corporation Distributes Land with a Basis of $60,000

question 27

Multiple Choice

An S corporation distributes land with a basis of $60,000 and a FMV of $90,000 to its shareholder.The tax results of the distribution will be

• A)no gain to the corporation or to the shareholder.
• B)$30,000 of gain recognized by the S corporation and no pass-through to the shareholder.
• C)no gain recognized by the corporation but $30,000 of gain recognized by the shareholder.
• D)$30,000 of gain recognized by the S corporation which is passed through to the shareholder.

Understand the significance and challenges of managing a changing and diverse workforce.

Gain insights into the gender pay gap and efforts to close it.

Learn about the concept of the “glass ceiling” and its impact on women and minorities.

Acknowledge the role of political strategies and lobbying in managing organizational changes and responses.

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Definitions:

Conditions

Circumstances or factors affecting the way in which people live or work, especially with regard to their well-being.

Overweight

Overweight is a medical condition characterized by having more body fat than is optimally healthy, often defined by a Body Mass Index (BMI) between 25 and 29.9.

Obesity

A medical condition characterized by excessive body fat that presents health risks.

Environmental Reasons

Factors related to the surrounding environment that influence outcomes or behaviors.