Question
E & P $300,000. During the year Zeta distributes $500,000 ($250,000) to each shareholder A & B) A has a basis in his stock $30,000
E & P $300,000. During the year Zeta distributes $500,000 ($250,000) to each
shareholder A & B) A has a basis in his stock $30,000 and B has a basis of $450,,000
How should they report such distribution?
A B
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
