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Amazonia Inc. made a $100,000 distribution this year to its sole shareholder, Ellie. Ellie has...

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Accounting

Amazonia Inc. made a $100,000 distribution this year to its sole shareholder, Ellie. Ellie has a basis in her stock of $10,000. Determine the tax consequences to Ellie in the following situation by answering A., B., & C.

Distribution CE&P AE&P Dividend ROC Capital Gain
$100,000 $70,000 $25,000 ? ? ?

  1. Determine Ellies Dividend, ROC, Capital Gain in the following situation. (in $ amount)
  2. Determine Ellies ending stock basis. (In dollar amount)
  3. Determine Ellies Accumulated E&P, beginning of next year. (In dollar amount)

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