On september 30, eclipse corporation, a calendar year taxpayer, sold a parcel of land (basis of $200,000) for a $500,000 note. the note is payable in five installments, with the first payment due next year. because eclipse did not elect out of the installment method, none of the $300,000 gain is taxed this year. eclipse corporation had a $250,000 deficit in accumulated e & p at the beginning of the year. before considering the effect of the land sale, eclipse had a deficit in current e & p of $80,000.edward, the sole shareholder of eclipse, has a basis of $300,000 in his stock. edward holds the eclipse corporation stock as an investment. a. if eclipse distributes $675,000 to edward on december 31, how much gross income must he report for federal income tax purposes? b. if an amount is zero, enter "0".c. edward reports a $ taxable dividend and a capital gain of $ after the distribution, edward's stock basis is $

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The long english tradition of figured prominently in the founding fathers' discussion of the ownership of firearms. a) police squads b) target practice c) aristocratic rifle associations d) militias

Research and review one of the following cases: 1. eeoc vs abercrombie and fitch inc. 2. young vs ups 3. vance vs ball state university after you have thought through and understand the case answer the following: 1. explain the facts of the case leading to the dispute. 2. define and show understanding of each of the terms assigned to your case. break the laws into components where necessary. eeoc vs abercrombie and fitch inc: 1) eeoc, 2) title vii, 3) disparate treatment discrimination, 4)disparate impact discrimination vance vs ball state university: 1) eeoc, 2) title vii, 3) hostile work environment, 4) a supervisor for title vii purposes young vs ups: 1) title vii, 2) pregnancy discrimination act, 3)american's with disabilities act, 4) reasonable accommodation 3.how do the above concepts come into play in the case? 4. what rule of law came from the case? what did the court decide? 5. based on your understanding of employment law was the ruling correct? explain using a legal principle.