During 2012, Dana Rippel, the Sole Shareholder of a Calendar

question 98

Multiple Choice

During 2012, Dana Rippel, the sole shareholder of a calendar year S corporation, received a distribution of $16,000.On December 31, 2011, her stock basis was $4,000.The corporation earned $11,000 ordinary income during the year.It has no accumulated E & P.Which statement is correct?

• A)Rippel recognizes a $1,000 LTCG.
• B)Rippel's stock basis will be $2,000.
• C)Rippel's ordinary income is $15,000.
• D)Rippel's return of capital is $11,000.

Distinguish between problem-focused and emotion-focused coping strategies.

Identify techniques for handling resistance in therapeutic settings.

Recognize the beneficial effects of mindfulness and stress reduction methods on mental health.

Understand the relevance of individual traits and social support in stress management.

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Definitions:

Warranty Payments

Payments made to repair or replace products that fail to meet specified standards of quality within a certain period after sale, covered under a warranty agreement.

Interest-Bearing Note

A debt instrument in which the issuer pays the investor interest on the principal amount, typically at a fixed rate, until maturity.

360-Day Year

A simplified accounting approach that assumes a year has 360 days, used to make interest calculations easier.

Interest Revenue

Income earned from the lending of funds or investment in interest-bearing assets, like loans, bonds, or savings accounts.