Tar Heel Corporation had current and accumulated E&P of $550,000 at December 31 20X3. On December 31, the company made a distribution of land to its sole shareholder, William Roy. The land's fair market value was $150,000 and its tax and E&P basis to Tar Heel was $30,000. William assumed a mortgage attached to the land of $12,500. The tax consequences of the distribution to William in 20X3 would be:A) 100,000 dividend and a tax basis in the land of $100,000
B) $100,000 dividend and a tax basis in the land of $90,000
C) Dividend of $90,000 and a tax basis in the land of $100,000
D) Dividend of $90,000 and a tax basis in the land of $90,000

When is going to be why would you put money into saving account

Electronics assembly inc. is a contract manufacturer that assembles consumer electronics for a number of companies. currently, the operations manager is assessing the capacity requirements as input into a bid for a job to assemble cell phones for a major global company. the company would assemble three models of cell phones in the same assembly cell. setup time between the phones is negligible. electronics assembly inc. operates two 8-hour shifts for 275 days per year. cell phone demand forecast (phones/year) processing time (minutes/phone) mars 47,000 19.8 saturn 35,000 20.7 neptune 7,500 16.2 a. calculate total capacity required by line. b. determine the total operating time available. c. calculate the total number of assembly cells. (round up your answer to the next whole number.)

What is difference between fiscal year and tax year? explain in the simplest way.