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Title: Oreo Corporation has accumulated E&P of $8,000 at the beginning of the current year. During the ... Post by: Mandarini on Feb 14, 2017 Oreo Corporation has accumulated E&P of $8,000 at the beginning of the current year. During the year (a nonleap year), the corporation incurs a current E&P deficit of $18,250. The corporation distributes $11,000 on March 20th to Morris, its sole shareholder, who has a $9,000 basis for his stock. If the exact loss cannot be determined as of the date of distribution, the treatment of the distribution will be
A) $4,100 dividend and a $6,900 capital gain. B) $11,000 return of capital. C) $4,100 dividend and a $6,900 tax free return of capital. D) $8,000 dividend and a $3,000 return of capital. Title: Re: Oreo Corporation has accumulated E&P of $8,000 at the beginning of the current year. During ... Post by: Rimoun on Feb 14, 2017 Content hidden
Title: Re: Oreo Corporation has accumulated E&P of $8,000 at the beginning of the current year. During ... Post by: kmk850 on Sep 30, 2019 Thanks
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