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Zuspan, Inc., has the following balances for 20X1 before the cash distribution Accumulated adjustments account (AAA) Previously taxed income Stock basis $10,000 $15,000 $30,000 A

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Zuspan, Inc., has the following balances for 20X1 before the cash distribution Accumulated adjustments account (AAA) Previously taxed income Stock basis $10,000 $15,000 $30,000 A cash distribution of $24,000 is made during 20X1. What is the AAA of Zuspan, Inc., at December 31, 20X1? 0 A. So 0 B. $5,000 O C. $10,000 D. $15,000

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