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Ben and Jerry were shareholders of Water Ice, Inc., an 5 corporation. On January 1....

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Ben and Jerry were shareholders of Water Ice, Inc., an 5 corporation. On January 1. Year 1, Ben owned 40 shares and Jerry owned 60 shares. Ben sold his shares to Joe for $10,000 on March 30, Year 1. The corporation reported a $50,000 loss at the end of Year 1. How much of the loss is allocated to Joe, assuming a non-leap year? $15.123 $20,000 $12.500 $10,000 Next Previous No new data to save. Last checked at 7:57am Submit Quit

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