Question: 4. Complete the following schedule for each case. Assume that the shareholders have a total of $50,000 basis in the stock investment. Accumulated E. &
4. Complete the following schedule for each case. Assume that the shareholders have a total of $50,000 basis in the stock investment. Accumulated E. & P Beginning of Current E &P Cash Distributions Return Dividend Of Capital Gai Year ($200,000) S 70,000 $130,000 (120,000) 210,000 150,000 (60,000) 130,000 150,000 90,000 120,000 Same as (d), except that the distribution of $130,000 is made on June 30 70,000 .and the corporation uses the calendar year for tax purposes
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