ford motor company has been in business since 1903 any distributions of property to shareholders will be treated as a dividend to the extent of total accumulated earnings and profits

a.) true or False

35) Jed clampett owns 600 shares(60%) of AAA cos common stock AAA only has common stock. The other AAA shareholders are not related to jed. AAA co redeems 125 shares of jets stock for 5 M. tHE TRANSACTION WILL be treated as:

a. Redemption of stock-jee will recognize capital gain based on 5M less his adj basis

b. dividend -the transaction does not qualify for treatment as a redeemption

c.) return capital