Quadrant,Inc

question 21

Multiple Choice

Quadrant,Inc. ,is a former C corporation whose first S corporation year began on January 1,2010.At that time,Quadrant had two assets: X,with a value of $1,000 and a basis of $400;and Y,with a value of $400 and a basis of $600.The net unrealized built-in gain as of January 1,2010,is $400 (i.e. ,X's $600 gain less Y's $200 loss) .Asset X is sold for $1,200 during 2010,and asset Y is retained.The recognized built-in gain in 2010 is:

• A)$0.
• B)$200.
• C)$400.
• D)$600.
• E)None of the above.

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Definitions:

Sensory Neurons

Neurons that transmit signals from sensory receptors towards the central nervous system, carrying information about external or internal conditions.

Gamma Motor Neurons

Neurons that control the contraction of intrafusal muscle fibers in muscle spindles, helping to regulate muscle tone and sensitivity of stretch reflexes.

Muscle Spindle

A sensory receptor located within muscles that detects changes in muscle length, contributing to the sense of body position.

Action Potentials

Rapid and temporary changes in the electrical membrane potential of a cell, allowing for the transmission of nerve impulses along neurons.