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Business, 20.01.2020 19:31 wilkoASK2919

Caramel corporation has 5,000 shares stock outstanding. in a qualifying stock redemption, caramel distributes $145,000 in exhange for 1,000 of its shares. at the time of the redemption , caramel has paid-in-capital of $800,000 and e& p of $300,000.the results of this redemption is a $ charge to e& p and a $ reducation of caramel's paid-in-capital account.

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