answer ASAP will upvote! Henry and Kass hold 200 shares each in DST corporation....
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Henry and Kass hold 200 shares each in DST corporation. They are the only shareholders in this business, so a total of 400 shares are outstanding. Two years ago, both of them entered into a buysell agreement with the DST corporation, specifying that the corporation would repurchase the shares of any deceased shareholder, at a fixed price of $100 per share. At the time of agreement, DST corporation was valued at $120 per share. This week, Henry passed away when DST corporation was valued at $110 per share. Which of the following is true? a) DST corporation purchases Henry's shares for $100 per share b) DST corporation purchases Henry's shares for $110 per share c) Kass purchases Henry's shares for $120 per share d) Kass purchases Henry's shares for $110 per share this question will a desponse for a question you may select the checkbox under the number a this question will also be listed on the summary page so you can easily go back to it. 1 Given the facts in the previous question, if the partnership's income for 206 was $190,000, and that was the only information available, how much should Beta report in its 206 tax return? a) 567,200 b) $86,356 C) $95,156 d) 5103,956
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