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Yaupon Corp. reports current E&P of [negative] ($60,000) and accumulated E&P of $110,000. On February 1, Yaupon distributed $20,000 to shareholder Bonnie. Then, on December

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Yaupon Corp. reports current E\&P of [negative] ($60,000) and accumulated E\&P of $110,000. On February 1, Yaupon distributed $20,000 to shareholder Bonnie. Then, on December 1, Yaupon distributed $70,000 to shareholder Danielle. Bonnie's stock basis is $30,000, and Danielle's stock basis is $10,000. [question 2 of 2] How much capital gain does Danielle recognize from the distribution? $25,000 $30,000 $0 $40,000

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