Question: ACCT 540 Chapter 18 Distributions Assignment 10 THIS PROBLEM USES THE SAME NUMBERS AS ASSIGNMENT 2, EXCEPT THIS IS AN S CORPORATION. THERE IS AN

ACCT 540 Chapter 18 Distributions Assignment 10 THIS PROBLEM USES THE SAME NUMBERS AS ASSIGNMENT 2, EXCEPT THIS IS AN S CORPORATION. THERE IS AN ADDITIONAL COLUMN FOR THE AAA. In each of the following situations complete the blanks Distribution S/H Basis in E&P AAA Dividend Return of Capital (cash) Stock Capital Gain 25,000 20,000 500,000 60,000 25,000 50,000 20,000 10,000 300,000 20,000 300,000 60,000 90,000 500,000 20,000 100,000 90,000 5,000 500,000 100,000 60,000 800,000 20,000 10,000 60,000 8,000 20,000 100,000

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