Jules Mart'nez sold 5000 shares back to ABC Co.for $25,000 during the current fiscal year.Jules purchased these shares from Evrim Malas three years ago for $15,000.Evrim had originally purchased the shares from the corporate treasury for $10,000.Which of the following tax consequences will Jules recognize?
A)A deemed dividend of $10,000 and no capital gain or loss.
B)A deemed dividend of $15,000 and a capital loss of $5,000.
C)A deemed dividend of $15,000 and a capital gain of $10,000.
D)A deemed dividend of $10,000 and a capital gain of $10,000.

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The Answer of Jules Mart'nez sold 5000 shares back to ABC Co.for $25,000 during the current fiscal year.Jules purchased these shares from Evrim Malas three years ago for $15,000.Evrim had originally purchased the shares from the corporate treasury for $10,000.Which of the following tax consequences will Jules recognize?
A)A deemed dividend of $10,000 and no capital gain or loss.
B)A deemed dividend of $15,000 and a capital loss of $5,000.
C)A deemed dividend of $15,000 and a capital gain of $10,000.
D)A deemed dividend of $10,000 and a capital gain of $10,000.

Jules Mart'nez Sold 5000 Shares Back to ABC Co