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  3. a. describe the effect of a 115000 cash distributi

a. Describe the effect of a 115000 cash distribution paid on January 1 to the...

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Accounting

a. Describe the effect of a 115000 cash distribution paid on January 1 to the sole shareholder of a calendar year corporation whose stock basis is 20000 when the corporation has 115000 of current E&P and 115000 of accumulated E&P

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