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51. If a cooperative redeems $500 of non-qualified stock what is the impact on its taxation and cash flow? a. The cooperative's taxable income increases

51. If a cooperative redeems $500 of non-qualified stock what is the impact on its taxation and cash flow? a. The cooperative's taxable income increases $500 and its cash flow increases by $500 b. The cooperative's taxable income decreases $500 and its cash flow is decreased by $500 c. The cooperative's taxable income is unchanged and its cash flow decreases by $500 d. The cooperative's taxable income is unchanged and its cash flow increases by $500

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