Carlota and Dave formed an S corporation; Carlota owns 75% ofthe out-standing shares, and Dave owns the rest. When the entity??sAAA balance is $1,000,000, it

Carlota and Dave formed an S corporation; Carlota owns 75% ofthe out-standing shares, and Dave owns the rest. When the entityâ??sAAA balance is $1,000,000, it distributes an asset to eachshareholde Carlota and Dave formed an S corporation; Carlota owns \( 75 \% \) of the out-standing shares, and Dave owns the rest. When the entity's AAA balance is \( \$ 1,000,000 \), it distributes an asset to e 2 answers