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Carvas XCOCO D Question 22 3.33 pts At the beginning of the year, CBS Corporation la calendar year taxpayer) had accumulated E&P of negative $16,000

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Carvas XCOCO D Question 22 3.33 pts At the beginning of the year, CBS Corporation la calendar year taxpayer) had accumulated E&P of negative $16,000 The corporation had a current year negative E&P of $3.000. On December 31, the corporation distributes $50,000 to its sole shareholder, Chriss, whose stock basis was $10,000 prior to the distribution How much capital gain, if any, does Chrissi have on the distribution? SO/Non 53,000 $10.000 $19.000 550.000 None of the other answer choices are correct Question 23 3.33 pts James Worthy Corporation's taxable income for the year was $100.000, During the year it had the flowing transactions

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