| LO 18-1 | Explain the basic tax law framework that applies to property
distributions from a corporation to a shareholder.
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| LO 18-2 | Compute a corporation's earnings and profits and calculate
the dividend amount received by a shareholder.
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| LO 18-3 | Identify situations in which a corporation may be deemed to
have paid a "constructive dividend" to a shareholder.
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| LO 18-4 | Explain the basic tax rules that apply to stock dividends.
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| LO 18-5 | Comprehend the different tax consequences that can arise
from stock redemptions.
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| LO 18-6 | Describe a partial liquidation from a stock redemption and
the difference in tax consequences to the shareholders.
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