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Determine any corporate tax that may be imposed on aubrey

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Reference no: EM133526534

Question: Aubrey Corporation changes from a regular C corporation in 2021 to an S corporation as of the beginning of 2022. For 2022, the corporation has $40,000 of built-in gain and $45,000 in accounting income. Determine any corporate tax that may be imposed on Aubrey Corporation, and the amount to be reported by the sole shareholder.

Reference no: EM133526534

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