In Order to Induce Yellow Corporation to Build a New

question 62

Multiple Choice

In order to induce Yellow Corporation to build a new manufacturing facility in Knoxville, Tennessee, the city donates land (fair market value of $400,000) and cash of $100,000 to the corporation. Several months after the donation, Yellow Corporation spends $450,000 (which includes the $100,000 received from Knoxville) on the construction of a new plant located on the donated land.

• A) Yellow recognizes income of $100,000 as to the donation.
• B) Yellow has a zero basis in the land and a basis of $450,000 in the plant.
• C) Yellow recognizes income of $500,000 as to the donation.
• D) Yellow has a zero basis in the land and a basis of $350,000 in the plant.
• E) None of the above.

Understand the historical evolution of the human resources (HR) department from an employment office to a complex HR function.

Comprehend the impact of federal and state laws on the shaping and activities of the HR department.

Recognize the role and establishment of labor relations within HR and its relationship with labor unions.

Identify the reasons for the renaming of the personnel department to human resources and the impact on the department's image.

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Definitions:

Tolerance

The process by which the body becomes less responsive to a substance or drug over time, requiring larger doses to achieve the same effect.

Antagonistic Effects

Outcomes that occur when two substances or actions counteract or inhibit each other's effects.

Hypomagnesemia

A medical condition characterized by low levels of magnesium in the blood, which can lead to various health problems.

Benzodiazepine

A class of psychoactive drugs known for their sedative and anxiolytic effects, often prescribed to treat anxiety, seizures, and insomnia.