Business, 28.04.2021 19:20 NeedsMajorHelp

Platte River Corporation is a calendar year S corporation. At the beginning of the year (not a leap year), Mr. Reeves owned 100% of Platte River's outstanding stock. On the 73rd day of the year, Mr. Reeves gave 25% of the stock to his son Mark and 10% of the stock to his daughter Megan. Platte River's ordinary income for the year was $100,000. What portion of this income must each shareholder report

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Platte River Corporation is a calendar year S corporation. At the beginning of the year (not a leap...