Evergreen corporation distributes land with a fair market value of $200,000 to its sole shareholder. evergreen's tax basis in the land is $50,000. evergreen will report a gain of $150,000 on the distribution regardless of whether its earnings and profits are positive or negative. true or false

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

An essential element of being receptive to messages is to have an open mind true or false

Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production