All of the Following Would Reduce the Basis of a Shareholder's

question 99

Multiple Choice

All of the following would reduce the basis of a shareholder's stock in an S corporation,except

• A)a shareholder's pro rata share of nontaxable distributions by the S corporation to its shareholders.
• B)a shareholder's share of all loss and deduction items of the S corporation that are separately stated and passed through to the shareholder.
• C)a shareholder's pro rata share of any nondeductible expenses of the S corporation.
• D)a shareholder's pro rata share of loan repayments made by the S corporation.

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Definitions:

Histogram

A graphical representation of data using bars of different heights to show the frequency of values in a continuous data set.

Bar Chart

A visual representation of data using bars of different heights or lengths to compare values across categories.

Interval Scale

A scale of measurement where the intervals between values are uniform but there is no true zero point, allowing for the measurement of order and the calculation of meaningful differences between values.

Nominal Scale

A measurement scale used for categorizing variables without a quantitative value or order.