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South Park is an S Corporation with 4 stockholders, Cartman, Stan, Kenny, and Kyle. Each stockholder owns 2 5 % of the stock at the
South Park is an S Corporation with stockholders, Cartman, Stan, Kenny, and Kyle. Each stockholder owns of the stock at the beginning of the year. On August th th day of the year Kyle gives all of his shares to Stan. South Park earns $ from January August th and $ from August th December st How much S Corp income will each shareholder recognize for the year if income is allocated using the Daily Method? HINT: Be sure to check your answers total to income for the full year $
tabletableCartman will recognize incomefor the year oftableStan will recognize income forthe year oftableKenny will recognize incomefor the year oftableKyle will recognize income forthe year of
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