Mitchell and Powell Form Green Corporation

question 56

Multiple Choice

Mitchell and Powell form Green Corporation. Mitchell transfers property (basis of $105,000 and fair market value of $90,000) while Powell transfers land (basis of $8,000 and fair market value of $75,000) and $15,000 of cash. Each receives 50% of Green Corporation's stock (total value of $180,000) . As a result of these transfers:

• A) Mitchell has a recognized loss of $15,000, and Powell has a recognized gain of $67,000.
• B) Neither Mitchell nor Powell has any recognized gain or loss.
• C) Mitchell has no recognized loss, but Powell has a recognized gain of $15,000.
• D) Green Corporation will have a basis in the land of $23,000.
• E) None of the above.

Understand the core concepts of psychoanalytic theory, including defense mechanisms and psychosexual stages.

Identify and describe Sigmund Freud's contributions and limitations to psychology.

Comprehend the concept of unconscious processes and their manifestations in behavior and dream interpretation.

Grasp the development and significance of the Oedipus and Electra complexes in psychoanalytic theory.

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Definitions:

Shallow Emotions

A term describing a limited range of emotional expression or depth, often associated with certain personality disorders.

Conduct Disorder

A range of antisocial types of behavior displayed in childhood or adolescence.

Aggressive

Characterized by behavior or attitudes that display a readiness to confront or attack, often manifesting in forceful, assertive, or proactive actions.

Destroys Property

Behaving in a manner that causes physical damage to objects or possessions, often as a manifestation of anger or distress.