How much of the distribution is treated as a dividend


Inca Company reports current E&P of negative $100,000 in 20X3 and accumulated E&P at the beginning of the year of $200,000. Inca distributed $300,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?

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Accounting Basics: How much of the distribution is treated as a dividend
Reference No:- TGS045360

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