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Vision Corporation has 900 shares of stock outstanding. Lesa owns 360 of these shares, and unrelated individuals own the remaining 540 shares. Vision redeems 90
Vision Corporation has 900 shares of stock outstanding. Lesa owns 360 of these shares, and unrelated individuals own the remaining 540 shares. Vision redeems 90 of Lesa's shares for $ 270 comma 000. In the year of the redemption, Vision has $ 280 comma 000 of paid-in capital and $ 330 comma 000 of E&P. Requirements How does the redemption affect Vision's E&P balance if the redemption qualifies for sale treatment? How does the redemption affect Vision's E&P balance if the redemption does not qualify for sale treatment? whats the treatment for remaining amount
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