EXAMPLE 4-10: Moore Corporation has 400 shares of stock outstanding that are owned equally by four unrelated shareholders. Moore redeems 100 shares from the shareholders as shown below for $600 per share. Each shareholder has $400 per share basis for his/her stock. Moore Corporation's current and accumulated E\&P at the end of the tax year is $150,000. - What are the tax consequences of these redemptions? - How does your answer change if Ann is Carol's mother