A cash basis calendar year C corporation in Athens, Georgia has $100,000 of accounts receivable on the date of its conversion to an S corporation on Feb. 14. By the end of the year, $70,000 of these receivables are collected. Calculate any built-in gains tax, assuming that there is sufficient taxable income.

a. $0

b. $10,500

c. $24,500

d. $35,000

e. Some other amount

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head. 

Answergoing above and  beyond the norms of corporate ethical behavior;

Obviously she is under-stress and needs to cool down. she needs to slow down and take a break from her job, not completely, but ask for shorter hours until she finds enough time to study, pass, and work. if she can't get shorter hours, she can try making a day or two to study. she can work full time and get minimum wage but minimum wage can only get you so far in life.