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Distributions from a Corporation (see third example box on page 422 of the study guide):...

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Accounting

Distributions from a Corporation (see third example box on page 422 of the study guide): Samuel Corporation distributes property with an FMV of $18,000 and a basis of $6,000 to a shareholder. The corporation recognizes a gain of:
a. $12,000
b. $6,000
c. $18,000
d. $0
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