Ramona Is a 50% Shareholder in a Subchapter S Corporation

question 114

Multiple Choice

Ramona is a 50% shareholder in a Subchapter S corporation.At the beginning of the year,her basis in the stock was $100,000.The corporation reported total ordinary income of $60,000 and total dividend income of $20,000.The corporation also borrowed an additional $20,000 from a local bank.What is the basis of Ramona's stock at the end of the year?

• A)$140,000.
• B)$150,000.
• C)$180,000.
• D)$200,000.

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