General inertia corporation made a distribution of $50,000 to henry tiara in partial liquidation of the company on december 31, 20x3. henry owns 500 shares (50%) of general inertia. the distribution was in exchange for 250 shares of henry's stock in the company. after the partial liquidation, henry continued to own 50% of the remaining stock in general inertia. at the time of the distribution, the shares had a fair market value of $200 per share. henry's income tax basis in the shares was $100 per share. general inertia had total e& p of $800,000 at the time of the distribution. what are the tax consequences to henry because of the transaction?

answer(b) revenue account which increases;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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