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Requirement In each of the four scenarios, determine whether the corporation is a personal holding company. Assume the corporation's outstanding stock is owned equally by

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Requirement In each of the four scenarios, determine whether the corporation is a personal holding company. Assume the corporation's outstanding stock is owned equally by three individuals. For each scenario, calculate the adjusted ordinary gross income (AOGI), the personal holding company income ( PHCl), and the PHC as a percent of AOGI. Then determine whether the corporation is a personal holding company. (Complete all answer boxes. Enter "0" for zero amounts. Round percentages to one decimal place, X.X. \%.) Options: Adjusted income from rents (AIR) Capital Gains Copyright royalities Dividends paid Dividends recieved Personal service income Taxable interest income Requirement In each of the four scenarios, determine whether the corporation is a personal holding company. Assume the corporation's outstanding stock is owned equally by three individuals. For each scenario, calculate the adjusted ordinary gross income (AOGI), the personal holding company income ( PHCl), and the PHC as a percent of AOGI. Then determine whether the corporation is a personal holding company. (Complete all answer boxes. Enter "0" for zero amounts. Round percentages to one decimal place, X.X. \%.) Options: Adjusted income from rents (AIR) Capital Gains Copyright royalities Dividends paid Dividends recieved Personal service income Taxable interest income

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