Tornado, an S corporation, has no earnings and profits. In 2019, Tornado distributed property with a fair market value of $32,500 and an adjusted basis of $26,000 to Dorothy, its sole shareholder. After Dorothy’s share of any corporate gain or loss was recognized, her adjusted basis in Tornado’s stock at year end was $25,000. How should Dorothy handle the distribution?

How do primary and secondary industries differ

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?