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The matthew corporation, an s corporation, is equally owned by three shareholders—emily, alejandra, and kristina. the corporation is on the calendar year basis for tax and financial purposes. on april 1 of the current year, emily sold her one-third interest in the matthew corporation equally to the other two shareholders. for the current year, the corporation had nonseparately stated ordinary income of $900,000. for the current year, how much ordinary income should be allocated to kristina on her schedule k–1? (note: use months instead of days in your computations) (a) $25,000 (b) $75,000 (c) $337,500 (d) $412,500
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The matthew corporation, an s corporation, is equally owned by three shareholders—emily, alejandra,...
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