A Corporation Distributes Land and the Related Liability in a Nonliquidating

question 89

Multiple Choice

A corporation distributes land and the related liability in a nonliquidating distribution to a shareholder. The land (a capital asset) has an adjusted basis of $70,000, an FMV of $100,000 and is subject to a mortgage of $120,000. The corporation must recognize

• A)a $20,000 capital loss.
• B)a $50,000 capital gain.
• C)a $70,000 capital gain.
• D)no gain or loss.

Identify examples of behavioral modification techniques

Recognize the role of antecedents and discriminative stimuli in shaping behavior

Understand the process and effects of operant extinction

Comprehend the concept of primary and secondary reinforcers

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Definitions:

Contact List

A collection of information including names, phone numbers, and addresses stored and organized digitally or physically to keep track of personal or business contacts.

Notes

Short pieces of text added to documents or presentations for clarification, reminders, or additional information.

Alphabetic Dividers

Organizational tools that separate items into sections based on the first letter of each item, commonly used in address books and directories.

Memo Print Style

A specific layout format used for printing memos in software applications like Microsoft Word, focusing on readability and professional presentation.