Crossroads Corporation distributes $ 60,000 to its sole shareholder Harley . Crossroads has earnings and profits of $ 55,000 and Harley 's basis in...
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Crossroads Corporation distributes $60,000 to its sole shareholder Harley. Crossroads has earningsand profits of $55,000 and Harley's basis in her stock is $20,000. After the distribution, Harley's

basis isA)$60,000.B)$5,000.C)$15,000.D)$20,000.
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Uploaded by: wanghui199420

Subject: Business

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