ACC 565 Week 4 Assignment 2

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Assignment 2 :Constructive Dividends, Redemptions, and Related Party Losses

Suppose you are a CPA hired to represent a client that is currently under examination by the IRS. The client is the president and 95% shareholder of a building supply sales and warehousing business. He also owns 50% of the stock of a construction company. The remaining 50% of the stock of the construction company is owned by the client

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