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Exercise 1 2 - 1 6 ( Algorithmic ) ( LO . 7 ) Holbrook, a calendar year 5 corporation, distributes ( $
Exercise AlgorithmicLO Holbrook, a calendar year corporation, distributes $ cash to its only shareholder, Cody, on December Cody's basis in hir stock: is $ Holbcook's AAA balance is $ ; and Holbrook has $ AEP before the distribution: According to the distribution ordering rules, complete the chart below to indicate how much of the $ is from AAA and AEP as well as how Cody's stock basis is affected. If an amount is zero, enter Exercise AlgorithmicLO
Holbrook, a calendar year S corporation, distributes $ cash to its only shareholder, Cody, on December Cody's basis in his stock
is $ Holbrook's AAA balance is $ and Holbrook has $ AEP before the distribution. According to the distribution
ordering rules, complete the chart below to indicate how much of the $ is from AAA and AEP as well as how Cody's stock basis is
affected.
If an amount is zero, enter
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