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Problem 4-34 (LO. 1, 3) Kim is an employee of Azure Corporation. In the current year, she receives a cash salary of $30,000 and also
Problem 4-34 (LO. 1, 3) Kim is an employee of Azure Corporation. In the current year, she receives a cash salary of $30,000 and also is given 10 shares of Azure stock for services she renders to the corporation. The shares in Azure Corporation are worth $1.000 each. a. How will the transfer of the 10 shares to kim be handled for tax purposes? Kim's basis in the stock is s b. What is Azure Corporation's total compensation deduction for Kim's services
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