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QUESTION 10 Enken Corporation has only one (1) class stock outstanding. It is composed of one hundred (100) shares owned by Alden and Kaiser who

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QUESTION 10 Enken Corporation has only one (1) class stock outstanding. It is composed of one hundred (100) shares owned by Alden and Kaiser who are unrelated Alsen owns sixty (60) shares and Kaiser owns forty (40) shares. Enken Corporation redeemed twelve (12) of Kaiser's shares for $500 per share (56.000 total) Kaiser paid $300 per share for her stock in Enken Corporation three (3) years ago. Assuming that Enken Corporation has substantial Earnings And Profits (E&P), how will Kaiser be taxed on the Redemption of her stock? Long-Term Capital Gain of 53.600 Long-Term Capital Gain of S2.400 Dividend Income of $6.000 Long-Term Capital Gain of 56.000

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