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Dashboard X + X - C O B https://jainexams.jgianveshana.com/mcq_exam_new.aspx?Subject=21VMC35404-INTERNATIONAL TAXATION - III e E JGi JAIN 221VMCRO0177 BALWINDER SINGH DANG SEMED TO BE UNIVERSITY Subject : 21VMC35404-INTERNATIONAL TAXATION - III Exam Start Time : 15/11/2024 10:21 AM Duration : 200 Minutes 10. On January 1 of the first year of operation, an investor paid $10,000 for a 20% interest in Biga, Show Palette an S corporation. During the same year, Biga earned $10,000 taxable income and $2,000 tax- COMPLETE exempt interest. Biga paid dividends totaling $1,000 to its shareholders during the same year. What is the investor's tax basis in the shares of Biga at the end of the year? O A. $4,200 O B. $10,000 O C. $12,200 O D. $12,400 2024 @ JGIAnveshana. Design & Develop by JGIAnveshana Type here to search 10:28 ^ 9 6() ENG 15-11-2024 FA