## Answers

**Answer**

Amount of distribution = $ 22,000

Character of distribution = Dividend

*Explanation:*

When a property is distributed by a corporation to its shareholders, the value of the property is considered to be its fair Market value less any mortgage against it.

So, Diviednd = $ 30,000 - $ 55,000 = ($ 25,000)

As value canot be nagative, it is taken as zero. Only cash of $ 22,000 is considered.

**In case of any doubt, please comment.**

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