Tiger, inc., a calendar year s corporation, is owned equally by four shareholders: ann, becky, chris, and david. tiger owns investment land that was purchased for $160,000 four years ago. on september 14 of the current year when the land is worth $240,000, it is distributed to david. required: assuming that david's basis in his s corporation stock is $270,000 on the distribution date, complete the statement below that outlines what the federal income tax ramifications are. a capital gain of $ 80,000 is reported at the corporate level, and each shareholder includes a flow-through of $ 20,000.david's basis in the s corporation becomes $ ?

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false

Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach