Identify which of the following statements is false. a. the aaa balance can be negative, but the shareholder's basis in the s corporation stock cannot be less than zero. b. nonmoney property distributions made by an s corporation having accumulated e& p are treated differently when determining the corporateminuslevel gain recognized under sec. 311 than are property distributions made by an s corporation without accumulated e& p. c. the aaa represents the cumulative income/loss recognized in postminus1982 s corporation years. d. taxminusexempt income does not increase the aaa but increases the basis of the s corporation stock.

(B) Nonmoney property distributions made by an S corporation having accumulated E&P are treated differently when determining the corporateminuslevel gain recognized under Sec. 311 than are property distributions made by an S corporation without accumulated E&P.

Explanation:

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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