Blue moon incorporated is owned 100 by maggie hayes the, Financial Accounting

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Blue moon incorporated is owned 100 by maggie hayes the

Blue Moon Incorporated is owned 100% by Maggie Hayes. The corporation redeemed 25% of her stock for $130,000 cash. The corporation’s E&P is $110,000. Her stock basis is $80,000. How much of the payment is a taxable dividend? $130,000, $20,000, $50,000, or $110,000?

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Financial Accounting: Blue moon incorporated is owned 100 by maggie hayes the

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