Which of the Following Items Decrease Basis for a Stockholder

question 27

Multiple Choice

Which of the following items decrease basis for a stockholder of a Subchapter S corporation?

• A)Capital contributions.
• B)Charitable contributions.
• C)Loans from the shareholder to the corporation.
• D)Net income.

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Definitions:

Continuance

The state of remaining in a particular situation or condition over a period.

Voir Dire

A legal process in jury selection where potential jurors are questioned about their qualifications and ability to judge a case impartially.

Change Of Venue

Moving a trial to a new location where there has been less pretrial publicity.

Recovered Memories

Memories of traumatic events that were unconsciously blocked and later brought back to consciousness.