Martin is a shareholder of Sand Pine Corp. After adopting a…

Martin is a shareholder of Sand Pine Corp. After adopting a plan of liquidation, Sand Pine makes a liquidating distribution to Martin of land with a fair value of $100,000 and an adjusted basis (to Sand Pine) of $80,000. Martin’s basis in the Sand Pine stock was $50,000 before the distribution.   [question 2 of 2] What amount of gain does Sand Pine recognize on the liquidating distribution?

Your client presents to the clinic to obtain medication refi…

Your client presents to the clinic to obtain medication refills.  She states that she ran out of her prescription medications and has not taken any doses in the past 3 days. Her medication list includes the following: Ethinyl estradiol/norethindrone 1 tablet PO daily Multivitamin 1 tablet PO daily Vitamin D 1,000 units PO daily Fluticasone propionate 250 mcg/salmeterol 50 mcg (Advair(R) Diskus inhaler) 1 puff twice daily Albuterol MDI 2 puffs Q6H PRN wheezing Which of the following is an appropriate point to discuss with the client regarding her ethinyl estradiol/norethindrone: