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dsp73
2 years ago
14

Select the answer that best describes what happens when shareholders receive a series of distributions, not part of an installme

nt obligation, covering 2 or more consecutive tax years in redemption of all of the stock of a corporation pursuant to a plan intended to result in the complete liquidation of the corporation.
a. The shareholders will be allowed to recover their respective basis in the stock before recognizing any gains.
b. The shareholders will treat the distributions as dividends to the extent of the corporation’s earnings and profits.
c. The shareholders will recognize a pro rata portion of the gain in each of the years that distributions are received.
d. No losses from the transactions will be deductible.
Business
1 answer:
prohojiy [21]2 years ago
5 0
Answer is B the shareholders
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Answer:

1,187.03

Explanation:

he listing and selling broker each get 50% of the 7 5 commission.

The commission equal  7/100 x $96,900

Each broker gets   =3,391.5

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3 years ago
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$10.65

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3 years ago
Use the information presented in Northeastern Mutual Bank's balance sheet to answer the following questions.
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Answer:

The explanation is given as follows.

Explanation:

<u>Task 1: </u>

<u>The higher the percentage of assets a bank holds as loans, the higher the capital requirement.</u>

When the owners of the bank borrow $100 to supplement their existing reserves , both reserves and debt increase by $100 , therefore increase in debt as in any balance sheet , the total value of accounts on the left hand should be equal to the right hand , so when there is increase in reserves , there will be increase in debt.

<u>Task 2:</u>

<u>It specifies a minimum leverage ratio for all banks </u>

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leverage ratio new value = total assets / capital = 1850 / 125 = 14.8 ( the assets increase by $100 with increase in reserves)

<u>Task 3</u>

<u>Its intended goal is to protect the interests of those who hold equity in the bank.</u>

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irakobra [83]

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<em>brainly.com/question/25783927</em>

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