Catamount company had current and accumulated e& p of $500,000 at december 31, 20x3. on december 31, the company made a distribution of land to its sole shareholder, caroline west. the land's fair market value was $200,000 and its tax and e& p basis to catamount was $250,000. the tax consequences of the distribution to catamount in 20x3 would be:

Suppose that the u. s. dollars-mexican pesos exchange rate is fixed by the u. s. and mexican governments. assume also that labor is mobile between the united states and mexico due to low transportation costs. which of the following situations is likely to happen as a result of a simultaneous increase in the demand for u. s. goods and decrease in the demand for mexican goods? (pick mexican unemployment rate increases, and the country undergoes bad economic times for a sustained u. s. unemployment rate increases, and the country undergoes bad economic times for a sustained mexican unemployment rate rises at first, but it soon drops as unemployed mexicans move to the united states for mexican unemployment rate rises at first, but then it drops as mexican pesos depreciate against u. s. dollars.