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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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