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