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.

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Definitions:

Operant-Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the subject to associate certain behaviors with specific consequences.

Successive Approximations

In the operant-conditioning procedure of shaping, behaviors that are ordered in terms of increasing similarity or closeness to the desired response.

Neutral Stimulus

A stimulus that initially produces no specific response other than focusing attention, until it is paired with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that unconditionally—naturally and automatically—triggers a response.