Purple, inc., a domestic corporation, owns 80% of blue, ltd., a foreign corporation and yellow, inc., a domestic corporation. purple also owns 50% of green, inc., a domestic corporation. purple receives no distributions from any of these corporations. which of these entities' net income are included in purple's federal income tax return for the current year, assuming that purple elects to include all eligible entities in its consolidated federal income tax return?

Which of the following is the least risky? collectables stock savings bond savings account

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

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?