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Punjeet Corporation has zero balance in tis E&P - Punjeet Corporation distributes cash of $500,000 to its sole shareholder, Ms. Anjou. The basis of Ms.

Punjeet Corporation has zero balance in tis E&P

- Punjeet Corporation distributes cash of $500,000 to its sole shareholder, Ms. Anjou.

The basis of Ms. Anjou stock investment is $400,000.

Task: Compute Ms. Anjous stock basis.

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