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Question 16 (3 points) At the end of 2019, Blue corporation made a $300,000 cash distribution to its sole shareholder, Rebecca. Prior to the distribution,

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Question 16 (3 points) At the end of 2019, Blue corporation made a $300,000 cash distribution to its sole shareholder, Rebecca. Prior to the distribution, Blue Corporation had an E&P balance of $200,000. Rebecca's basis in her stock of Blue Corporation was $150,000 prior to the distribution. What is Rebecca's basis in her Blue Corporation stock after the distribution? a) $300,000 Ob) $250,000. c) $150,000 d) $50,000 e) $0

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