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In addition to its stock, Ecru distributes cash as follows: $10,000 to Neil, $20,000 to Courtney, and $100,000 to Zelma. Assume that each share of
In addition to its stock, Ecru distributes cash as follows: $10,000 to Neil, $20,000 to Courtney, and $100,000 to Zelma. Assume that each share of Ecru stock is worth $1,000. Regarding these transactions, provide the following information. If an answer is zero, enter " 0 ". a. Neil has a of $ of which $ is recognized. b. Neil's basis in the Ecru stock is $ c. Ecru's basis in the inventory is $ d. Courtney has a realized of $ of which $ is recognized. e. Courtney's basis in the Ecru stock is $ f. Ecru Corporation's basis in the machinery and equipment is $ g. Zelma has a of $ of which $ is recognized
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