Franco is a shareholder in S corporation. At the beginning of the year he purchased...

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Accounting

Franco is a shareholder in S corporation. At the beginning of the year he purchased 1500 shares of the corporation for 30,000. He didn't receive a schedule K one for the same year reporting share of the ordinary business income $10,000. The only other item reported on the schedule K-1 was a $2000 cash distribution. What is Frank year and adjusted pieces in the corporation? Is it 28 Hozier 32,00028,00038,000 or 40,Thousand

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