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Leon owns all six hundred (600) shares of the outstanding stock of Crane Corporation (Earnings And Profits (E&P) of $1,000,000). Leon had acquired the stock ten (10) years ago for $450,000. Crane Corporation, which has several trades or businesses that it has developed and operated for more than five (5) years, sells one (1) of those trades or businesses and, in a transaction qualifying as a partial liquidation [under Section 302(b)(4)], redeems two hundred (200) shares of Leon's stock for $500,000. As a result of this transaction, Leon must recognize:
(a) $500,000 Long-Term Capital Gain.
(b) $500,000 Dividend Income.
(c) $350,000 Long-Term Capital Gain.
(d) $350,000 Dividend Income.
Your firm has the following income statement items; sales of 50,250,000; income tax of 1,744,000.00; operating expenses of 10,115,000; cost of goods sold of 35,025000 and interest expense of 750,000. What is the amount of the firm's gross profit.
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ynga is a software developer and is considering a project that requires an initial investment of $200,000-The Net Present Value of the project is approximately
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How has the 2007-09 Global Financial Crisis affected the procedures of global economic governance?
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