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)

(- 1, 0 )

step-by-step explanation:

an x- intercept is where the function crosses the x- axis.

to find the x- intercept/s look for the value of x when f(x) = 0

from the given table there are 3 values of x where f(x) = 0

when x = - 1, x = 2, x = 3

the one that is listed is (- 1, 0 )

6mm^3 or .6cm^3

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  36     6

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6     6   6

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