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Question - Wildcat Company is owned equally by Evan Stone and his sister Sara, each of whom holds 1,000 shares in the company. Sara wants to reduce her ownership in the company, and it was decided that the company will redeem 500 of her shares for $25,000 per share on December 31 of this year. Sara's tax basis in each share is $5,000. Wildcat has current E&P of $10,000,000 and at the beginning of the year accumulated E&P is $50,000,000. What are the amount and character (capital gain or dividend) recognized by Sara as a result of the stock redemption?
Check erroneously deducted by bank from James account February 10 125. What is the corrected cash balance at February 28
Blue's current assets are appraised at P400,000 and the property and equipment was also appraised at P1,600,000. How many shares were to be issued
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Select and explain ONLY the ratios that tell something important about Facebook either unusually strong or critically weak this should include the industry comparison or other basis for your evaluation and explain why you believe these ratios are ..
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