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Check my work 2 Part 1 of 3 Required Information (The following information applies to the questions displayed below.) Jayhawk Company reports current E&P of
Check my work 2 Part 1 of 3 Required Information (The following information applies to the questions displayed below.) Jayhawk Company reports current E&P of $502,500 and a deficit in accumulated E&P of ($350,000). Jayhawk distributed $592,500 to its sole shareholder, Christine Rock, on the last day of the year. Christine's tax basis in her Jayhawk stock is $65,250. (Leave no answer blank. Enter zero if applicable. Negative amount should be indicated by a minus sign.) 10 points Bra a. How much of the $592,500 distribution is treated as a dividend Christine? Hint Print Dividend References
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