In 2016,Norma Sold Zinc,Inc

question 107

Multiple Choice

In 2016,Norma sold Zinc,Inc. ,common stock for $100,000 cash and a note receivable for $900,000.The note was due in 2017 with accrued interest at the Federal rate.Norma's basis in the stock was $250,000.This was Norma's only installment sale transaction.Which of the following statements is correct?

• A)Norma cannot use the installment method to report her gain if the stock is listed on the New York Stock Exchange.
• B)Norma must recognize $75,000 gain in 2016 and she will be liable for interest on taxes deferred under the installment method.
• C)Norma must recognize $75,000 gain in 2016 and she will not be liable for interest on the taxes deferred under the installment method if the stock is not publicly traded.
• D)Norma should treat the $100,000 received as a recovery of capital.
• E)None of the above.

Identify both external and internal pressures in change competency.

Demonstrate comprehension of self competency through the ability to identify and diagnose key issues.

Understand the interrelation and dependency among various competencies for successful implementation.

Recognize the role and importance of written and verbal communication.

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Definitions:

Critical Positions

Jobs or roles within an organization that are essential for its performance and success.

Future Performance

Predicted achievements or outcomes of an individual, organization, or system over a specified future period.

Current Performance

The current operational effectiveness and results accomplished by an individual, team, or organization, often evaluated against predetermined benchmarks or objectives.

Succession Management

A strategic process of identifying and developing potential future leaders or senior managers to fill key positions within an organization when they become vacant.