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Apple recently offered to redeem $20 billion of its outstanding stock. Jan decided to sell...

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Question

Accounting

Apple recently offered to redeem $20 billion of its outstanding stock. Jan decided to sell back shares they own for $2,000 (A.B. $750). As a result, Jan mus recognize

no gain, loss, or income

a $1,250 dividend

a $1,250 capital gain

a $2,000 dividend

None of the above.

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