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In Year 1, Mark purchased 100 shares of Roman, Inc., for $10 per share. In...

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Question

Accounting

In Year 1, Mark purchased 100 shares of Roman, Inc., for $10 per share. In Year 5, Roman completely liquidated and distributed $8,000 to Mark. Mark must report income from this distribution as
A.
Ordinary other income.
B.
Dividends.
C.
Capital gains.
D.
Return of capital.

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