On january 2, 2015, tim loans his s corporation $10,000. by the end of 2015, tim’s stock basis is zero, and the basis in his note has been reduced to $8,000. during 2016, the company’s operating income is $10,000. the company makes 2016 distributions to tim of $8,000. tim reports a(n):
a. $2,000 ltcg.
b. $8,000 ltcg.
c. stock basis of $2,000.
d. loan basis of $10,000.

Consider the labor market for computer programmers. during the late 1990s, the value of the marginal product of all computer programmers increased dramatically. holding all else equal, what effect did this process have on the labor market for computer programmers? the equilibrium wagea. increased, and the equilibrium quantity of labor decreased. b. decreased, and the equilibrium quantity of labor increased. c. increased, and the equilibrium quantity of labor increased. d. decreased, and the equilibrium quantity of labor decreased.