Clampett, Inc. (an S corporation) previously operated as a C corporation

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January 1st, 2018

Clampett, Inc. (an S corporation) previously operated as a C corporation. Distributions from Clampett, Inc. are deemed to be paid in the following order:A. shareholder’s remaining stock basis, prior C corporation earnings and profit, the AAA account.B. shareholder’s remaining stock basis, the AAA account, prior C corporation earnings and profit.C. prior C corporation earnings and profit, the AAA account, shareholder’s remaining stock basis.D. the AAA account, prior C corporation earnings and profit, shareholder’s remaining stock basis.E. None of the above.

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