Samantha Owns Stock in Pigeon Corporation (Basis of $80,000) as an Investment.Pigeon

question 127

Multiple Choice

Samantha owns stock in Pigeon Corporation (basis of $80,000) as an investment.Pigeon distributes property (fair market value of $300,000; basis of $150,000) to her during the year.Pigeon has current E & P of $20,000 and accumulated E & P of $80,000 and makes no other distributions during the year.What is Samantha's capital gain on the distribution?

• A)$0.
• B)$80,000.
• C)$120,000.
• D)$150,000.
• E)None of the above.

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Definitions:

Aggression

Behaviors or actions intended to harm or injure another person either physically or psychologically.

Aggressive Patterns

Repeated or habitual modes of aggressive behavior or reactions exhibited by individuals or groups.

Society

A group of individuals involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations.

Frustration-aggression Hypothesis

A theory proposing that frustration, or the blockage of an attempted action, leads to aggression or aggressive behavior.