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diamond brokers about selling the Sley Corporations’ diamonds.
We have accepted their testimony that this was not a vacation
trip.
We conclude, and we have found, that the expenditures for
the children on this New York trip were for personal purposes and
not for Sley Corporations business purpose. Thus, Betsy received
a $520 constructive dividend from Markette.
We hold for respondent as to $520, and for petitioner as to
$470.34, on this issue.
Summary--1983
Our fraud issue holdings as to 1983 constructive dividends
are summarized in table 16.
Table 16
Respondent’s
1983 Trip Contention on Brief Court’s Holding
Miami $1,302.00 $1,302.00
Hawaii 5,326.51 1,974.74
Lake Tahoe 1,351.50 1,033.50
L.A. Olympics 1,359.55 1,359.55
New York 990.34 520.00
Totals 10,329.90 6,189.79
(2) 1984
Miami
On February 21, 1984, Markette issued check No. 1946 to
Eastern Airlines, Inc., in the amount of $1,616.50.
Apart from photocopies of the front and back of the check,
the only evidence in the record as to this item is the following
colloquy:
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