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ABC inc is AC corporation with two 50% shareholders Maria and Stewart. Maria works full time for the corporation and receives a salary of $65000
ABC inc is AC corporation with two 50% shareholders Maria and Stewart. Maria works full time for the corporation and receives a salary of $65000 per year for her work. Stewart does not perform services for the corporation. In addition this year the corporation decided to make a distribution of $50,000 of profit to each shareholder. Which of the following is true?
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