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A calendar year S corporation had dividend income of $10,000 anda net ordinary loss of $70,000 for the current year. At thebeginning of the year,

A calendar year S corporation had dividend income of $10,000 anda net ordinary loss of $70,000 for the current year. At thebeginning of the year, Z, a 40 percent shareholder, has a stockbasis of $1 2 answers

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