Judicial affirmative action is remedy imposed by the courts

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Reference no: EM131438772

1. Judicial Affirmative Action is a remedy imposed by the courts when

A. workplace discrimination has been found in violation of Title VII and an affirmative action plan is the appropriate remedy.

B. Federal contractors fail to comply with Executive Order 11246.

C. voluntary affirmative action plans result in reverse discrimination

D. voluntary affirmative action plans fail to eliminate workplace discrimination

2. USAco, a domestic corporation, has a cost basis of $100,000 in its stock of FORco, a wholly-owned country X corporation. FORco has earnings and profits of $500,000. USAco sells FORco’s stock to an unrelated party for $1 million. The tax effect of the transaction is:

(a) USAco has a dividend of $900,000.

(b) USAco has capital gain of $900,000.

(d) USAco has $400,000 of gain and a dividend of $500,000.

Reference no: EM131438772

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