Question: If this distribution were nonliquidating, Reeds basis for the inventory would be a. $14,000 b. $12,500 c. $ 5,000 d. $ 1,500

If this distribution were nonliquidating, Reed’s basis for the inventory would be

a. $14,000

b. $12,500

c. $ 5,000

d. $ 1,500

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