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QUESTION 9 Brothers and sisters are considered family under the stock attribution rules that apply to stock redemptions True False QUESTION 10 On January 1,

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QUESTION 9 Brothers and sisters are considered "family" under the stock attribution rules that apply to stock redemptions True False QUESTION 10 On January 1, Scorpio Corporation (a calendar year taxpayer) has accumulated E&P of $200,000. During the year, Scorpio incurs a net loss of 300,000 from operations that accrues ratably. On June 30, Scorpio distributes $115,000 to Laura, its sole shareholder. How much of the $115,000 represents ordinary dividend income to Laura? $100,000 s0 ssa,000 s115,000 None of the above

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