Answer:
Since on distribution on complete liquidation to shareholder will taxable on both hand (company and shareholdeR) .shareholder will pay tax on FMVless adjusted basis and corporate will pay tax on gain (FMV-adjusted basis of asset ).
since taxability in both hands will result in double taxation ,any gain/loss will be taxed in shareholders hand and corporate tax liability will be minimal'
so correct option is "D" -no gain recognised.
For the first blank, the answer would be is a well-defined
problem. A well-defined problems have exact goals, noticeably defined
solution tracks, and clear predictable solutions.
While for the second blank, the answer would be the
application of algorithms. In mathematics, it is a clear-cut description of how
to crack a group of problems. Algorithms can do calculation,
data processing and automatic reasoning jobs.
Answer:
(A) GAAP does not have substantial authoritative support.
Explanation:
Choices B to C are true about GAAP.
Now, Choice A is not true since GAAP also includes detailed procedures and practices that provide a <u>standard</u> and not only broad guidelines of general application and this will imply that GAAP has a <u>substantial authoritative support.</u>
<u></u>
Also it is called "Generally Accepted Accounting Principles" for this reason.
Answer:
It is an example of variety diversity
Explanation:
Variety diversity is the term which is defined as the team that involves or comprise of the marketing professional, specialist, head of advertising department, legal expert and advertising professional.
In this case, when the employees assigned important advertising account, then they make sure that the team comprise of different kind of expertise which could help in generating the creative ideas. Therefore, it is example of variety diversity.
