Shareholder in a non-liquidating distribution, Accounting Basics

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Shareholder in a non-liquidating distribution

What is the effect on the AAA if an S corporation distributes a piece of property valued at $10,000 with a $5,000 basis to 50% shareholder and $10,000 cash to the other 50% shareholder in a non-liquidating distribution?

1. $10,000 net increase

2. $5,000 net increase

3. $15,000 net decrease

4. $20,000 net decrease

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Accounting Basics: Shareholder in a non-liquidating distribution

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Accounting Basics: Shareholder in a non-liquidating distribution

Reference No:- TGS065261

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Shareholder in a non-liquidating distribution

Reference No:- TGS065261

Recent Questions Asked Accounting Basics

Q : How much profit-loss does the company make

Q : Define social regulation

Q : What was the company''s dividend per share of common stock

Q : Define natural monopolies

Q : Shareholder in a non-liquidating distribution

Q : Calculate the price-output-profit contribution

Q : Explain natural remedy for discriminatory hiring practices

Q : Finding out the tax consequences

Q : Calculate the current pound spot rate in dollar

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