Assume the corporation will redeem five shares each year

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Unrelated individuals (A, B, C, and D) each own 25 percent of the Snyder Corporation. Snyder has 400 shares outstanding.

Assume the corporation will redeem five shares each year for the next four years from A, B, and C starting in 19X3. Must D recognize a taxable stock dividend in 19X3? ______ If so, explain how the amount of the dividend is to be determined.

Reference no: EM13911871

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