According to lan Redpath and Robert Lickwar, the Treasury Inspector Generat has reported what percentage of S corporations are currently audited by the IRS? A. 1% B. 5% C. 10% D. 50% According to lan Redpath and Brian O'Sultivan, a loss cannot be taken in a liquidating distribution if a partner receives which of the following? A. Unrealized recelvables B. Inventory C. Cash D. Property According to lan Redpath and Brian O'Sullivan, which of the following is not a "hot asset? " A. Cash B. Depreciation recapture C. Inventory D. Unrealized receivables