James is the sole shareholder of Peachy, Inc., a C Corporation. At the end of the current tax year, James has a basis of $20,000 in his stock of Peachy. Peachy, Inc. has $30,000 of current and accumulated earnings and profits remaining at the end of the year. Instead of having Peachy, Inc. pay himself a dividend, he instead has Peachy, Inc. pay his daughter's upcoming college tuition bill of $30,000. Peachy, Inc. deducts the $30,000 as an ordinary and necessary business expense. The tax result of this will likely be:

Awidower devised his fee simple interest in his residence as follows: “to my daughter for life, then to my oldest grandchild who survives her.” at the time of the widower’s death, he was survived by his only two children, a son and a daughter, and by one grandchild, his daughter’s son. a short time later, the daughter together with her son entered into a contract to sell the residence in fee simple to a buyer. the applicable jurisdiction continues to follow the common law rule against perpetuities, but has abrogated the rule in shelley’s case. at the closing, the buyer refused to purchase the residence. can the sellers compel the buyer to do so?

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Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.