Identify which of the following statements is true. a.if both the current and accumulated e& p have deficit balances, a corporate distribution cannot be characterized as a dividend. b.a corporation recognizes gain when distributing money as a dividend to its shareholders. c.the shareholder's basis in property received in a nonliquidating distribution is the property's fmv reduced by liabilities assumed by the shareholder. d.all of the above are false.

Correct option is (A)

Explanation:

Distributions from current E&P and thereafter from accumulated E&P are considered as taxable dividend. In case of deficit in current and accumulated E&P account, any corporate distribution is considered as return of capital distribution and not as dividends.

Dividends are taxable, however, return of capital is non-taxable income that reduces cost basis of shareholders.

So, statement A is true. Rest of the statements are false.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; complain or request hazard correction from your employer;