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How do liabilities assumed by the shareholder for noncash property received by a shareholder impact the dollar value (amount) of the distribution to the shareholder.
How do liabilities assumed by the shareholder for noncash property received by a shareholder impact the dollar value (amount) of the distribution to the shareholder.
a. | Does not effect the distribution amount in determining dividend income. | |
b. | Increases amount of distribution that is potential dividend income | |
c. | Decreases amount of distribution that is potential dividend income |
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