Question: and 6.docxtfmc (2) 3/4 100% Prob 3 A, B and C own stock of Randall Corporation (E&P $1,000,0000) as follows: A owns 400 shares,

and 6.docxtfmc (2) 3/4 100% Prob 3 A, B and C own

and 6.docxtfmc (2) 3/4 100% Prob 3 A, B and C own stock of Randall Corporation (E&P $1,000,0000) as follows: A owns 400 shares, B owns 500 shares and C owns 1200 shares. Randall redeems 200 shares of C for $250,000. C paid $2 per share What is the effect of redemtion of Same as above except Randall redeems 1150 shares for 400,000) Problem Current E&P 5300.000 as Accumulated E&P 200,000. During the year Zeta tributes $700,000 to shareholders/A & 6-5350, 000 to each) A has a bass in his stock 550,000 and 317

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