Business
Business, 29.09.2019 04:00, kenna0

Mindy, an individual, owns 100% of markee, an s corporation, and she has an initial stock basis of $10,000. this is the first year of markee's operations. additional items reported by markee during the current year are: municipal bond interest $10,000 ordinary income 3,400 shareholder distributions 5,000 what was mindy's basis in markee at the end of the tax year?

a. $5,000

b. $8,400

c. $15,000

d. $18,400

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