Question 12 20 points Save Answe AtJruary 1, 20x4. Stan was the sole shareholder

Question

Question 12 20 points Save Answe AtJruary 1, 20x4. Stan was the sole shareholder of XYZ·in. Sar's stock bass s S75,000 as of January 1, O: October,2a4, sar, sold al d hisibatou sse. ts0.0on ra NdiairTArp Jruary 1, 20nd, of S15,000. For the year 20x4·XYZ had CEAP of $10,00. Orng the yer XYZ paid two cash dettutow n 1, sano wal padtoStndo, Nomt.Som wn paid to Ulyses Select the best answer to each of the quentions below that relate to thase two distributions ?with respect to the dstribution made to Stan nhurch, how much dividend income resuns? ANone of thn possble answers is correct B With nespect to the distribution made to Stan in March, how much long-term capital gain reuts8.520.000 With ect to the disterbution made to ulnaes in Novembanr how much dvidend Income C.515,000 B Wth respect to the distrbution made to Ulynen in November, how much long term cacital D. S0 gain results? F $26.000 G.$30,000 H.$12.500

Explanation / Answer

With respect to the distribution made to Stan in March, how much dividend income results?

F. $25,000 (10000+15000)

With respect to the distribution made to Stan in March, how much longterm capital gain results?

D. $0

With respect to the distribution made to Ulysses in November, how much dividend income results?

G. $30,000

With respect to the distribution made to Ulysses in November, how much longterm capital gain results?

H. $12,500

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