QUESTION 32 At the beginning of the year, Carlisle, Incorporated, had $100,000 in its AAA and...

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QUESTION 32 At the beginning of the year, Carlisle, Incorporated, had $100,000 in its AAA and $60,000 of earnings and profits from prior C corporation years. During the year, the company earned $50,000 of ordinary income and paid $200,000 in distributions to its shareholders. Assume that Aaron owns 25 percent of Carlisle, Incorporated, his basis in Carlisle, Incorporated, at the beginning of the year is $30,000, and his share of the distribution was $50,000. What is Aaron's basis in the Carlisle, Incorporated, stock after these transactions? $0 $5,000 $12,500 $15,000 None of the choices are correct. QUESTION 32 At the beginning of the year, Carlisle, Incorporated, had $100,000 in its AAA and $60,000 of earnings and profits from prior C corporation years. During the year, the company earned $50,000 of ordinary income and paid $200,000 in distributions to its shareholders. Assume that Aaron owns 25 percent of Carlisle, Incorporated, his basis in Carlisle, Incorporated, at the beginning of the year is $30,000, and his share of the distribution was $50,000. What is Aaron's basis in the Carlisle, Incorporated, stock after these transactions? $0 $5,000 $12,500 $15,000 None of the choices are correct.