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QUESTION 1 Use the following information to answer questions 1-4 Joe has a stock basis of $15,000 in his shares of JF Corporation. JF distributs

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QUESTION 1 Use the following information to answer questions 1-4 Joe has a stock basis of $15,000 in his shares of JF Corporation. JF distributs $20,000 on May 1st. Calculate the missing values for the following Independent scenario: Current E&P - 10,000 Accumulated E&P=6,000 Ordinary Dividend = QUESTION 14 Stock Basis = QUESTION 15 Capital Gain = QUESTION 16 Next Year's Accumulated E&P =

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