<span>A trend that started to gain traction in the 1940s as a result of better technological innovation, was that of using vacuum tube technology in the manufacturing of the first generations of computers, due to the apparent efficiency of this innovation at the time.</span>
A. Knowing how to prioritize
<span>A good rule of thumb is to limit consumer credit payments to 20% percent of your net monthly income.</span>
Answer:
D. No loss recognized and a reduction in E&P of $200,000
Explanation:
Given that:
- Current and accumulated E&P : $500,000
- A distribution of land to its sole shareholder: $200,000
- E&P basis to Catamount : $250,000
From that, we can see that the current and accumulated E&P is greater than its distribution of land so no loss would be reported so there will be reduction in earning and profits of the company of $200,000.
Hope it will find you well.
