Examlex
The objective of the § 382 limitation is to restrict the use of tax carryover benefits to a hypothetical future income stream from the former loss corporation's assets,based on its stock value at the time of the reorganization.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collectible.
Mutual Agency
A principle in partnership where each partner is both an agent and a principal to the partnership, authorized to bind the partnership in contracts and agreements.
Partnership Business
A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.
Ease of Formation
Refers to the simplicity and low barriers to legally establishing and starting a new business entity.
Q11: During the current year,John and Ashley form
Q17: When a corporation makes an installment sale,for
Q24: The exemption amount is phased out entirely
Q57: During the year,Quartz Corporation (a calendar year
Q59: For a stock redemption to qualify for
Q66: ParentCo purchased all of the stock of
Q72: Maize Corporation had $100,000 operating income and
Q73: The acquiring corporation in a "Type G"
Q85: Mark,Inc.,a U.S.corporation,operates an unincorporated branch manufacturing operation
Q110: ParentCo and SubCo had the following items