Jayhawk company reports current e& p of $367,500 and a deficit in accumulated e& p of ($270,000). jayhawk distributed $467,500 to its sole shareholder, christine rock, on the last day of the year. christine’s tax basis in her jayhawk stock is $82,250. (leave no answer blank. enter zero if applicable. negative amount should be indicated by a minus sign.) a. how much of the $467,500 distribution is treated as a dividend to christine?

Brian has just finished college. he wants to set up a small business to make and sell fireworks. he registers his company and acquires a license from the government. he finds that most of his competitors are selling fireworks at an extremely low price. he would like to make more money, so he decides to innovate and develop better fireworks. he sells his fireworks at a higher price, and they are a huge hit with the customers. after a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. he even starts exporting fireworks overseas. which type of economy does this scenario describe?