Determine the amount of taxable dividend nontaxable

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Determine the amount of taxable dividend, nontaxable distribution, and capital gain for the distributions made in each of the following cases:

a. Corporate E& P of $ 10,000, shareholder stock basis of $ 12,000, distribution of $ 6,000.

b. Corporate E& P of $ 7,500, shareholder stock basis of $ 7,000, distribution of $ 6,500.

c. Corporate E& P of $ 16,000, shareholder stock basis of $ 5,000, distribution of $ 17,000.

d. Corporate E& P of $ 14,000, shareholder stock basis of $ 11,000, distribution of $ 26,000.

Reference no: EM13389459

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