Xyz inc. liquidated. pursuant to the plan of liquidation, abc inc., which owned 80% of the stock of xyz, received as a distribution in exchange for all of its stock in the corporation, 80% of the inventory and other assets of the corporation worth $700,000 that had a basis to the corporation of $900,000. all of the other shareholders received pro rata distributions of these assets and none of these assets had been contributed to the corporation by any shareholder. how much loss was recognized by xyz, inc. as a result of this liquidating distribution

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?