Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Join our Q&A platform to connect with experts dedicated to providing precise answers to your questions in different areas. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

brisk corp. is an accrual-basis, calendar-year c corporation with one individual shareholder. at year end, brisk had $600,000 accumulated and current earnings and profits as it prepared to make its only dividend distribution for the year to its shareholder. brisk could distribute either cash of $200,000 or land with an adjusted tax basis of $75,000 and a fair market value of $200,000. how would the taxable incomes of both brisk and the shareholder change if land were distributed instead of cash?