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Title: Circle Corporation has 1,000 shares of common stock outstanding. Circle redeems 450 shares owned by ... Post by: safezone on Feb 14, 2017 Circle Corporation has 1,000 shares of common stock outstanding. Circle redeems 450 shares owned by Dennis for $75,000 in complete redemption of Dennis's interest. The redemption qualifies as a sale. When the redemption is made, Circle Corporation has $150,000 of current and accumulated E&P and paid-in capital of $50,000. The distribution reduces paid-in capital by
A) $67,500. B) $22,500. C) $17,500. D) $0. Title: Re: Circle Corporation has 1,000 shares of common stock outstanding. Circle redeems 450 shares owned ... Post by: Rimoun on Feb 14, 2017 Content hidden
Title: Re: Circle Corporation has 1,000 shares of common stock outstanding. Circle redeems 450 shares owned ... Post by: allishu on Apr 15, 2020 Thank u
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