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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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