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Business, 03.04.2020 01:52 alyssanewsome

Complete the following schedule for each case. Assume that the shareholders have a sufficient basis in the stock investment. All distributions are made at year end (December 31) except for part (e). For part (e) assume the $130,000 distribution is made on June 30. The corporation uses the calendar year for tax purposes. Accumulated E&P Beginning of Year Current E & P Cash Distributions (All on Last Day of Year) Dividend Income Return of Capital a. ($200,000) $70,000 $130,000 $ $b. 150,000 -120,000 210,000 c. 90,000 70,000 150,000 d. 120,000 -60,000 130,000 e. Same as (d), except that the distribution of $130,000 is made on June 30 and the corporation uses the calendar year for tax purposes.

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Complete the following schedule for each case. Assume that the shareholders have a sufficient basis...
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