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2. Identify the effect of each of the following on a partners basis for partnership interest and shareholders basis both for S Corporation and C

2. Identify the effect of each of the following on a partners basis for partnership interest and shareholders basis both for S Corporation and C Corporation basis for stock.

a. Profits

b. Losses

c. Liability Increase

d. Liability Decrease

e. Contribution of Assets

f. Distribution of Assets

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