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A, B and C own stock of Randall Corporation (E & P $1,000,0000 ) as follows: A owns 500 shares, B owns 500 shares and

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A, B and C own stock of Randall Corporation (E \& P $1,000,0000 ) as follows: A owns 500 shares, B owns 500 shares and C owns 2,000 shares. Randall redeems 200 shares of C for $250,000. C paid $2 per share What is the effect of redemtion on C. Same as above except Randall redeems 1500 shares for 400,000

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