Which, If Any, of the Following Items Has No Effect

question 90

Multiple Choice

Which, if any, of the following items has no effect on the stock basis of an S corporation shareholder?

• A) Net sales.
• B) Long-term capital gain.
• C) Cost of goods sold.
• D) Short-term capital loss.
• E) A mortgage taken by the S corporation.

---

Definitions:

Styles Group Launcher

A tool in word processing applications that allows quick access to a collection of styles for formatting text.

Paragraph Style

A predetermined set of attributes, such as font size and line spacing, applied to paragraphs in a document for consistent formatting.

Character Style

A set of attributes, such as font and size, that can be applied to characters in a document to ensure consistency in design.

Table Style

A predefined set of formatting options that can be applied to a table in a document or spreadsheet to maintain consistent appearance and layout.