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X is the principal shareholder of Brown Corporation. During the year, X incurred legal expenses...

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Accounting

X is the principal shareholder of Brown Corporation. During the year, X incurred legal expenses in a suit filed to contest her acquisition of additional shares in the corporation. The corporation paid her legal expenses in her successful defense of the suit. The corporation also paid the down payment on a house purchased by X son, Y. Y is not a shareholder of M Corporation?

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