Answer:
C. Buddy cannot be a creditor of the corporation after the redemption.
Explanation:
"A stock redemption that terminates a shareholder’s entire stock ownership in a corporation will qualify for sale or exchange treatment under § 302(b)(3). The attribution rules generally apply in determining whether the shareholder’s stock ownership has been completely terminated. However, the family attribution rules do not apply to a complete termination redemption if the following conditions are met:
The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).
The former shareholder files an agreement to notify the IRS of any prohibited interest acquired within the 10-year period and to retain all necessary records pertaining to the redemption during this time period."
Reference: South-Western, Thomson. “Chapter 5.” To Qualify for Sale or Exchange Treatment, a Stock Redemption Generally Must Result in a Substantial Reduction in a Shareholde, 2005,
The action that appeared to be the least helpful if you’ve been the victim of identity theft is <u>ordering your latest credit report</u>.
This implies the correct answer is D.
If you’ve been a victim of identity theft, then it is incumbent on you to report or contact one of the credit reporting companies and officially place a fraud alert on your credit report.
<h2>Further Explanation</h2>
Identity theft is when an individual deliberately steals your information and make use of such information without your consent or permission. Identity theft has become a big business for fraudsters in the United States.
In 2016, 15.4 million Americans were a victim of theft. Also one of the tops complains of consumers to the Federal trade commission is Identity theft.
Identity theft can happen to an anyone regardless of how careful you are. However, there are major steps you can take if you are a victim of identity theft.
Some of the ways you can assist to stop an identity thief to further commit fraud using your details include
- Contact the credit report company and place a fraud alert
- Place a security block on your credit report
- Contact the banks and companies where the fraud was committed.
- Contact the IRS in case of Tax-related ID theft
- Clean up all your account
- Report any case regarding identity theft to the Federal trade commission (FTC)
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KEYWORDS:
- victim
- identity theft
- fraud
- companies
- account
- irs
The primary goal of transnational corporations is to offer their
services or products across other culture. These corporations usually provided
loans to the poorest countries and invest in then in return. Foreign investments
create more jobs which help the economy and the people to improve the quality
of their lives.
Answer:
unrelated diversification
Explanation:
The unrelated diversification strategy is a strategy in which an organization decides to manufacture a new product or offer a new service that is not related to the products or services they currently produce and enter into a new market. According to this, the answer is that Rocco is advocating an unrelated diversification strategy because he is proposing to enter to new markets to decrease the risk of depending on one.