The stock of loon corporation is held as follows: 85% by duck corporation and 15% by gerald, an individual. loon corporation is liquidated in december of the current year, pursuant to a plan adopted earlier in the year. loon corporation distributes land with a basis of $350,000 and fair market value of $390,000 to gerald in liquidation of his stock interest. gerald had a basis of $200,000 in his loon stock. how much gain will loon corporation recognize in this liquidating distribution?

a. $0
b. $40,000
c. $190,000
d. $390,000

What could cause a production possibilities curve to move down and to the left? a.) a nation loses land after being defeated in a war. b.) an increase in the use of computer technology speeds up production c.) a baby boom 20 years ago results in a large number of young adults in the population today. d.) thousands of investors from overseas invest money in a nations economy.

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Where are subduction zones most likely to form