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Bonnle and Clyde are the only two shareholders In Getaway Corporation. Bonnle owns 60 shares with a basls of $4,200, and Clyde owns the remalning
Bonnle and Clyde are the only two shareholders In Getaway Corporation. Bonnle owns 60 shares with a basls of $4,200, and Clyde owns the remalning 40 shares with a basls of $10,000. At year-end, Getaway Is considering different. alternatlves for redeeming some shares of stock. Evaluate whether each of the following stock redemption transactions Will qualify for sale and exchange treatment. Note: Leave no answer blank. Enter zero if applicable. Required: a. Getaway redeems 10 of Bonnle's shares for $4,000. Getaway has $22,000 of E\&P at year-end and Bonnle Is unrelated to Clyde. b. Getaway redeems 32 of Bonnle's shares for $6,000. Getaway has $22,000 of E\&P at year-end and Bonnle is unrelated to Clyde. C. Getaway redeems 5 of Clyde's shares for $4,500. Getaway has $22000 of E\&P at year-end and Clyde Is unrelated to Bonnle. Answer is not complete. Complete this question by entering your answers in the tabs below. Getaway redeems 10 of Bonnie's shares for $4,000. Getaway has $22,000 of E\&.P at year-end and Bonnie is unrelated to Cly Note: Round your answers to the nearest whole number. Getaway redeems 32 of Bonnie's shares for $6,000. Getaway has $22,000 of E\&.P at year-end and Bonnie is unrelated to Clyde. Note: Do not round intermediate calculations. Round your answers to the nearest whole number. Getaway redeems 5 of Clyde's shares for $4,500. Getaway has $22,000 of E\&.P at year-end and Clyde is unrelated to Bonnie. Note: Round your answers to the nearest whole number
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