Examlex
A subsidiary corporation is liquidated at a time when it is indebted to its parent corporation. The subsidiary corporation distributes property to the parent corporation in satisfaction of the indebtedness. If the liquidation is governed by §332, neither the subsidiary nor the parent recognize gain or loss on the transfer of property in satisfaction of indebtedness.
Triple Bottom Line
A business framework that encourages companies to focus equally on social, environmental, and financial performance, often summarized as people, planet, and profits.
Corporate Social Responsibility
A business model that helps a company be socially accountable—to itself, its stakeholders, and the public—by practicing sustainable and ethical operations.
Public Interest
The welfare or well-being of the general public, often considered in decision-making processes to ensure decisions benefit the majority.
Promotionally Motivated
Describes actions or strategies driven by the desire to promote or market a product, service, or brand to increase visibility and sales.
Q23: A shareholder lends money to his corporation
Q36: A shareholder's holding period for stock received
Q60: Which formula is correct for DPAD?<br>A) Smaller
Q63: The Purple Trust incurred the following items
Q63: Constructive dividends do not need to satisfy
Q89: ParentCo acquired all of the stock of
Q90: Burl Corporation has assets with a value
Q92: The DPAD is not available to estates
Q100: The year in which the ownership shift
Q143: Which of the following taxpayers can be