Cavalier corporation had current and accumulated e& p of $500,000 at december 31 20x3. on december 31, the company made a distribution of land to its sole shareholder, tom jefferson. the land's fair market value was $200,000 and its tax and e& p basis to cavalier was $50,000. the tax consequences of the distribution to cavalier in 20x3 would be:

a. no gain recognized and a reduction in e& p of $200,000

b. $150,000 gain recognized and a reduction in e& p of $200,000

c. $150,000 gain recognized and a reduction in e& p of $50,000

d. no gain recognized and a reduction in e& p of $50,000

B. $150,000 gain recognized and a reduction in E&P of $200,000

Step-by-step explanation:

The gain recognized = market value of assets – tax and E&P basis related = $200,000 - $50,000 = $150,000

The distribution of land also reduce the accumulated E&P, the reduced amount is the fair valued of asset distributed ($200,000)

answer: it's a

step-by-step explanation:

the answer for this question is : 360°

step-by-step explanation:

we have been given a triangle   we need to tell which one of these is a triangle below to map onto itself.

360° rotation is the complete rotation which eventually leads to the same figure which is given.

the correct will be, that is 360° that will cause the triangle below to map onto itself.