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What is the general tax treatment of distributions to shareholders in an S-corporation? O a. Deductible as business expenses b. Taxed as dividends Oc. Tax-free
What is the general tax treatment of distributions to shareholders in an S-corporation? O a. Deductible as business expenses b. Taxed as dividends Oc. Tax-free to the extent of the shareholder's basis O d. Taxed as capital gains
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
