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In each of the following independent situations, determine if the redemption of shares will be treated as an exchange or as a distribution. For situations

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In each of the following independent situations, determine if the redemption of shares will be treated as an exchange or as a distribution. For situations 1-2, the ownership of a corporation is: Andy Barb Cindy 100 shares 200 shares 200 shares Situation 1: The corporation redeems 50 shares of stock held by Andy. Situation 2: The corporation redeems 50 shares of stock held by Cindy

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