Business, 24.12.2019 03:31 shhells

Bristlebird corporation (e& p of $700,000) has 3,000 shares of common stock outstanding. juan owns 1,500 shares and his wife, roberta, owns 1,500 shares. juan and roberta each have a basis of $90,000 in their bristlebird stock. in the current year, bristlebird corp. redeems 1,000 shares from juan for $250,000. with respect to the distribution in redemption of the bristlebird stock: a. juan has dividend income of $250,000b. juan has dividend income of $190,000c. juan has a capital gain of $250,000d. juan has a capital gain of $190,000e. none of the above

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Bristlebird corporation (e& p of $700,000) has 3,000 shares of common stock outstanding. juan ow...

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