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Scranton Inc. is a CCPC with a nil GRIP balance. It has 1 0 0 , 0 0 0 shares outstanding, all of which were
Scranton Inc. is a CCPC with a nil GRIP balance. It has shares outstanding, all of which were issued for $ per share. Nellie Ward owns of these shares which she acquired at a cost of $ per share. In the company redeems Nellie's shares at a price of $ per share. What amount will be included in Nellie's net income as a result of the redemption? Use the editor to format your answer Continue
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