Question
In: Accounting
In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
In each of the following situations complete the blanks
|
Distribution (cash) |
S/H Basis in Stock |
Corporate E&P |
Dividend |
Return of Capital |
Capital Gain |
|
50,000 |
20,000 |
500,000 |
|||
|
200,000 |
50,000 |
20,000 |
|||
|
100,000 |
20,000 |
300,000 |
|||
|
130,000 |
500,000 |
20,000 |
|||
|
130,000 |
500,000 |
500,000 |
|||
|
700,000 |
800,000 |
20,000 |
|||
|
20,000 |
800,000 |
500,000 |
|||
Solutions
Expert Solution
| Distribution (cash) | S/H Basis in Stock | Corporate E&P | Dividend | Return of Capital | Capital Gain | |
| 50,000 | 20,000 | 500,000 | 50,000 | - | - | |
| 200,000 | 50,000 | 20,000 | 20,000 | 50,000 | 130,000 | |
| 100,000 | 20,000 | 300,000 | 100,000 | - | - | |
| 130,000 | 500,000 | 20,000 | 20,000 | 110,000 | - | |
| 130,000 | 500,000 | 500,000 | 130,000 | - | - | |
| 700,000 | 800,000 | 20,000 | 20,000 | 680,000 | - | |
| 20,000 | 800,000 | 500,000 | 20,000 | - | - |
| Working: | |||||
| Distribution (cash) | S/H Basis in Stock | Corporate E&P | Dividend | Return of Capital | Capital Gain |
| 50,000 | 20,000 | 500,000 | 50,000 | - | - |
| 200,000 | 50,000 | 20,000 | 20,000 | 50,000 | =200000-50000-20000 |
| 100,000 | 20,000 | 300,000 | 100,000 | - | - |
| 130,000 | 500,000 | 20,000 | 20,000 | =130000-20000 | - |
| 130,000 | 500,000 | 500,000 | 130,000 | - | - |
| 700,000 | 800,000 | 20,000 | 20,000 | =700000-20000 | - |
| 20,000 | 800,000 | 500,000 | 20,000 | - | - |
ekkarill92 answered 2 years agoRelated Solutions
In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
In each of the following situations complete the blanks
Distribution (cash)
S/H Basis in Stock
Corporate E&P
Dividend
Return of Capital
Capital Gain
50,000
20,000
500,000
200,000
50,000
20,000
100,000
20,000
300,000
130,000
500,000
20,000
130,000
500,000
500,000
700,000
800,000
20,000
20,000
800,000
500,000
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In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
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Distribution (cash)
S/H Basis in Stock
Corporate E&P
Dividend
Return of Capital
Capital Gain
100,000
20,000
500,000
100,000
500,000
20,000
600,000
20,000
500,000
600,000
500,000
20,000
100,000
800,000
500,000
100,000
800,000
20,000
600,000
800,000
500,000
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any distribution is $100,000. The corporation distributes the
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In each of the following situations complete the blanks Distribution (cash) S/H Basis in Stock Corporate...
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S/H Basis in Stock
Corporate E&P
Dividend
Return of Capital
Capital Gain
100,000
20,000
500,000
100,000
500,000
20,000
600,000
20,000
500,000
600,000
500,000
20,000
100,000
800,000
500,000
100,000
800,000
20,000
600,000
800,000
500,000
XYZ Corporation has one shareholder. The shareholder’s tax basis
in his shares is $100,000. Corporate E&P BEFORE the effects of
any distribution is $100,000. The corporation distributes the
following property in INDEPENDENT situations. Explain the tax...
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