Unrelated parties Amy, Beth, Carla, and Delta Corporation each own 25 of the 100 outstanding shares of Axle Corporation stock. In a transaction that qualifies as a partial liquidation, Axle distributes 20000 cash to each shareholder in exchange for five Axle shares. Each redeemed share has a 1000 basis to the shareholder and a 4000 FMV. How does each shareholder treat the distribution for tax purposes? Treatment Amount Character
Amy
Beth
Carla
Delta Corporation
Treatment Option – Dividend Recognition or Sale of Stock
Character Option – Capital Gain, Dividend, Return of Capital
(All Shareholders, or Amy, or Beth, or Carla, Or Delta) are/is entitled to a(n) (?)% (capital loss or ordinary gain or dividends received deduction

Goods and services that can be used for the same purpose are and goods and services that are used together are

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

What is the difference between secure bonds and naked bonds?