Business, 13.02.2020 23:45 heatherballiet866
In the current year warbler corporation (E&P OF $250,000) made the following property distributions to its shareholders all corporations
Adjusted basis Fair market value
Pink corp stock (held for investment) $150,000 $120,000
Non-LIFO Inventoy $80,000 $110,000
Warbler corp is not a member of a controlled group
a) the shareholders have dividen income of $200,000
b) the shareholders have dividen income of $ 260,000
c) Warbler has a recognized gain of $30,000 and a recognized loss of $ 30,000
d) Warbler has no recognized gain or loss
e) none of the above
Answers: 2
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In the current year warbler corporation (E&P OF $250,000) made the following property distributi...
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Mathematics, 14.06.2020 02:57
