Balsa Inc redeemed 10 000 shares of its common stock from William Wood Sr One year later Balsa issued 20 000 shares of stock to William Wood II
Balsa Inc redeemed shares of its common stock from William Wood Sr One year later Balsa issued shares of
Balsa Inc redeemed shares of its common stock from William Wood Sr One year
of its common stock from William Wood Sr One year later Balsa issued shares of stock to William Wood II
Balsa Inc redeemed shares of its common stock from William Wood Sr
One year later Balsa issued shares of stock to William Wood II
Balsa Inc redeemed shares of its common stock from
Balsa Inc redeemed shares
Balsa Inc. redeemed 10,000 shares of its common stock from William Wood Sr. One year later, Balsa issued 20,000 shares of stock to William Wood II...

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Balsa Inc. redeemed 10,000 shares of its common stock from William Wood Sr. One year later, Balsa issued 20,000 shares of stock to William Wood II (Sr.'s grandson) for $200,000. Balsa is a qualified small business in the retail business at the time the 20,000 shares were issued. Which of the following is true? A.Only 5,000 shares (25%) are qualified small business stock. B.Only 10,000 shares (50%) are qualified small business stock. C.The 20,000 shares are qualified small business stock. D.None of the 20,000 shares is qualified small business stock.

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