LO.9 Crane Corporation has 2,000 shares of stock outstanding. It redeems 500 shares for $370,000 when it has paid-in capital of $300,000 and E & P of $1,200,000. The redemption qualifies for sale or exchange treatment for the shareholder. Crane incurred $13,000 of accounting and legal fees in connection with the redemption transaction and $18,500 of interest expense on debt incurred to finance the redemption. What is the effect of the distribution on Crane Corporation’s E & P? Also, what is the proper tax treatment of the redemption expenditures? Prepare a letter to the president of Crane Corporation (506 Wall Street, Winona, MN 55987) and a memo for the file in which you explain your conclusions.

David and darlene jasper have one child, sam, who is 6 years old (birthdate july 1, 2011). the jaspers reside at 4639 honeysuckle lane, los angeles, ca 90248. david's social security number is 577-11-3311, darlene's is 477-98-4731, and sam's is 589-22-1142. david's birthdate is may 29, 1984 and darlene's birthday is january 31, 1986. david and darlene's earnings and withholdings for 2017 are:

Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. the deposits will earn 5 percent compound annual interest. ifwalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?

How would you cite different books by the same author on the works cited page? a. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. b. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. –––. ballads in poetry – a critical review. dallas: garden books, 1962. print. c. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. moore, jack h. folk songs and ballads. salem: poetry press, 1999. print. d. moore, jack h. ballads in poetry – a critical review. dallas: garden books, 1962. print. –––. folk songs and ballads. salem: poetry press, 1999. print.