Match the Term with the Proper Response

question 53

Short Answer

Match the term with the proper response. There may be more than one responses for each term.
a.Includes gross receipts derived from royalties, passive rents, dividends, interest, etc.
b.Penalty tax to stop an S corporation from avoiding the corporate tax on disposition of appreciated property.
c.Cumulative total of undistributed non-separately stated items.
d.Tax-free distribution.
e.Generated under old S corporation rules (pre-1983).
f.Items that affect basis but not AAA go here.
g.Taxed as a dividend.
-PTI

---

Definitions:

Compares and Contrasts

The act of identifying similarities and differences between two or more entities.

Contrast Paragraph

A section of writing that highlights differences between two or more subjects, ideas, or items.

Type I Error

The incorrect rejection of a true null hypothesis, also known as a "false positive" finding in hypothesis testing.

Type II Error

Occurs in hypothesis testing when a false null hypothesis is not rejected, also known as a false negative.