Blue Corporation Distributes Land and Building Having a $70,000 Adjusted

question 12

Multiple Choice

Blue Corporation distributes land and building having a $70,000 adjusted basis and a $200,000 FMV to its sole shareholder, Marina. Blue has current and accumulated E & P exceeding $100,000. The property is subject to a $120,000 mortgage, which Marina assumes. What is the amount of the taxable dividend received by Marina?

• A)$0
• B)$70,000
• C)$80,000
• D)$100,000

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Definitions:

Social Support

The perception or reality of being cared for and having assistance available from other people, which can significantly impact health and well-being.

Dynamic Fitness

A state of physical health and well-being that encompasses the ability to perform daily activities with optimal energy, strength, and endurance through various types of physical activities and exercises.

Intervention Efficacy

The effectiveness of a specific intervention or treatment in achieving its intended outcomes or goals.

Informational Interventions

Strategies designed to provide individuals or groups with information to change behavior, perceptions, or health outcomes.