Hogg Corporation Distributes $30,000 to Its Sole Shareholder, Ima

question 50

Multiple Choice

Hogg Corporation distributes $30,000 to its sole shareholder, Ima. At the time of the distribution, Hogg's E&P is $14,000 and Ima's basis in her stock is $10,000. Ima's gain from this transaction is a

• A)$6,000 capital gain.
• B)$14,000 capital gain.
• C)$20,000 capital gain.
• D)$30,000 capital gain.

---

Definitions:

Feeding Experiences

The interactions and practices involved in providing nutrition to infants and young children, which can affect their physical and emotional development.

Witching Hour

A term often used to describe a specific time at night believed to be associated with supernatural events or when infants and young children are particularly fussy.

Juvenile Era

A period in a person’s development that occurs between childhood and adulthood, often characterized by significant physical, psychological, and social changes.

Early Adolescence Stage

A developmental phase, typically ranging from ages 10 to 14, marked by rapid physical growth, cognitive development, and emotional changes.