Business, 03.03.2020 06:00, gungamer720

Judy Holly (Judy’s daughter) Terry (Judy’s son) John (an unrelated third party) $470,000 100,000 100,000 320,000 Holly and Terry are the only shareholders of Pink Corporation. Judy and John share equally in the management of the company's operations. Holly and Terrγare both full-time college students at a university 200 miles away. Pink has substantial E & P and has never distributed a dividend. Discuss any problems related to Pink’s salary arrangement.

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Judy Holly (Judy’s daughter) Terry (Judy’s son) John (an unrelated third party) $470,000 100,000 100...