How much of this income is allocated to a, b, and c


A and B are equal shareholders in AB, a calendar-year S corportion. On June 30, A sells one-half of her stock to C. The corporation reports $30,000 of income for the year. How much of this income is allocated to A, B, and C?

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Accounting Basics: How much of this income is allocated to a, b, and c
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