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A single seed lands on one of a group of isolated islands. Several million years later, its descendants have evolved into a number of new species on the different islands, representing a variety of trees, shrubs, and vines. What is this an example of at that point in time?
Domestic Corporation
A corporation that is registered and operates within its country of incorporation.
Dividend
A Dividend is a payment made by a corporation to its shareholders, usually derived from the company's profits.
Basis of Property
The basis of property is the starting point for determining the gain or loss on the sale, exchange, or other disposition of property, generally its cost plus improvements and minus depreciation.
Recognized Gain
The portion of profit from the sale of an asset that must be reported for taxation purposes.
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