Tracy and lance, equal shareholders in macaw corporation, receive $600,000 each in distributions on december 31 of the current year. macaw’s current year taxable income is $1 million and it has no accumulated e & p. last year, macaw sold an appreciated asset for $1,200,000 (basis of $400,000). payment for one-half of the sale of the asset was made this year. how much of tracy’s distribution will be taxed as a dividend? a. $0b. $300,000c. $500,000d. $600,000e. none of the above

Sarah needs to complete financial aid packets. during which school year would she do this? sophomore freshman senior junior

Most states have licensing registration requirements for child care centers and family daycare homes. these usually include minimum standard for operation. which of the following would you most likely find required in a statement of state licensing standards for child care centers?

In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?