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Exercise 1 5 - 3 ( L 0 . 5 , 6 ) Holbrook, a calendar year $ corporation, distributes $ 1 5 , 0
Exercise L
Holbrook, a calendar year $ corporation, distributes $ cash to its only shareholder, Cody, on December Cody's basis in his stock is $ Holbrook's AAA balance is $ and Holbrook holds $ 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
tableBasis in Stock,tableDistribution fromAccounttableEffect onStock BasisBeginning stock basis,$From AAA account,:,$:From AEP account,$s$
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