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:

Byte

Eight binary digits (bits).

Bits Of Data

The smallest units of data in computing, representing a binary value of either 0 or 1.

Expansion Hub

A device that allows multiple peripherals to connect to a single port on a computer or other device, expanding its connectivity.

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Universal Serial Bus ports, used for connecting various devices to a computer such as keyboards, mouse devices, printers, and external hard drives.