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Stacey and Andrew each own one half of the stock in parakeet corp, a calander year tax payer. cash distributions from parakeet are $ 350,000
Stacey and Andrew each own one half of the stock in parakeet corp, a calander year tax payer. cash distributions from parakeet are $ 350,000 to Stacey on april 1st, and $150,000 to Andrew on May 1st. if parakeets current E & P is $60,000 how much is allocated to Andrews distribution?
a-5000
b-10,000
c-18,000
d-30,000
e-none of the above
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