Note: use the following fact pattern for the next two questi…

Note: use the following fact pattern for the next two questions.   Cedar Corp. reports current E&P of $300,000 and accumulated E&P of $0. On December 31, Cedar distributed land to Karl, its sole shareholder. The land’s fair value was $100,000 and its adjusted basis (to Cedar) was $25,000. Karl assumed a liability on the land of $10,000.   [question 1 of 2] How much of Karl’s distribution is classified as a dividend, and what is his adjusted basis in the distributed land?

Some beetles and flies have antler-like structures on their…

Some beetles and flies have antler-like structures on their heads, much like male deer do. The existence of antlers in beetle, fly, and deer species with strong male-male competition is an example of   convergent evolution  homology  sexual selection  honest indicators