(Answered) Question - an electing s corporation has a 30000 ordinary

Accounting

Question - An electing S corporation has a $30,000 ordinary loss for the non-leap year. On January 1, Chris and Cody own equally all of the S corporation stock. On the 146th day of the year, Chris gives his one-half of the S corporation stock to his daughter Future. How much of the $30,000 ordinary loss is allocated to Chris?

A) $15,000

B) $25,000

C) $6,000

D) $5,959

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