Barb and Chuck Each Own One-Half the Stock of Wren,Inc

question 36

Multiple Choice

Barb and Chuck each own one-half the stock of Wren,Inc. ,an S corporation.Each shareholder has a stock basis of $100,000.Wren has no accumulated E & P.Wren's taxable income for the current year is $80,000,and it distributes $50,000 to each shareholder.Barb's stock basis at the end of the year is:

• A)$50,000.
• B)$90,000.
• C)$100,000.
• D)$140,000.
• E)None of the above.

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HR Managers

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