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r corporation has 1,000 shares of common stock outstanding, 200 of which are owned by...

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Accounting

r corporation has 1,000 shares of common stock outstanding, 200 of which are owned by doug. on june 1, of this year, R redeemed all of doug's shares for $300,000. R's E&P immediately before the redemption was $500,000. IF the redemption qualifies as a sale, R's E&P will decrease by

a. $300,000

b. $60,000

c. $100,000

d. $200,000

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