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The Little D Corporation has $150 in current earnings and profits and $100 in accumulated earnings and profits. It makes a $400 divribution to its

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The Little D Corporation has $150 in current earnings and profits and $100 in accumulated earnings and profits. It makes a $400 divribution to its sole shareholder whose stock basis is $100. What are the shareholder's tax consequences? a. $250 dividend b. $250 dividend: $50 capital gain c. $250 dividend: $100 capital gain d. $400 dividend

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