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Exercise 1 5 - 3 ( L 0 . 5 , 6 ) Holbrook, a calendar year $ corporation, distributes $ 1 5 , 0

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Exercise 15-3(L0.5,6)
Holbrook, a calendar year $ corporation, distributes $15,000 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $20,000, Holbrook's AAA balance is $8,000, and Holbrook holds $2,500 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $15,000 is from AAA and AEP as well as how Cody's stock basis is affected.
If an amount is zero, enter "0".
\table[[,Basis in Stock,\table[[Distribution from],[Account]],\table[[Effect on],[Stock Basis]]],[Beginning stock basis,$20,000,,],[From AAA account,:,$,:],[From AEP account,$,s,$
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