Tank corp., which had earnings and profits of $500,000, made a nonliquidating distribution of property to its shareholders in the current year as a dividend in kind. this property, which had an adjusted basis of $20,000 and a fair market value of $30,000 at the date of distribution, did not constitute assets used in the active conduct of tank’s business. how much gain did tank recognize on this distribution?

answer:

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explanation:

employees use applications that are uniformed so that they are able to look over them more quickly because the do not want to spend a long time reading through the applications so they get all the infomation that the are looking for on the application they made so the do not have to read about unnessacary infomaton. so to make it simple it them find the person that they want to hirer faster with out wasting time.

i hope this i spelt things wrong i believe but this is why

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