(Answered) Question - vaccines corporation sold equipment used in its

Accounting

Question - Vaccines corporation sold equipment used in its business to its sole shareholder Clancy Yarrow for $10,000. On the date of the sale, the fair market value of the equipment was $15,000 and Clancy's adjusted basis was $12,000. What amount of the transer is considered to be a dividend to Clancy?

a. $20,000

b. $5,000

c. $2,000

d. $0

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