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13. Please Help! thank you! Required information [The following information applies to the questions displayed below] EG Corporation redeemed 200 shares of stock from one
13. Please Help! thank you!
Required information [The following information applies to the questions displayed below] EG Corporation redeemed 200 shares of stock from one of its shareholders in exchange for $200.000. The redemption reptesented 20 percent of the corporation's outstanding stock. The redemption was treated as an exchange by the shareholder. By what amount does EG reduce its total E\&P because of the redemption under the following E\&P assumptions? b. EG's total E\&P ot the time of the distribution was $500,000 Answer is complete but not entirely correct Step by Step Solution
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