Solved: Inca distributed 300000 to its sole shareholder on january, Accounting Basics

+44 141 628 6080
[email protected]

Inca distributed 300000 to its sole shareholder on january

Question - 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?

A. $0

B. $100,000

C. $200,000

D. $300,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Inca distributed 300000 to its sole shareholder on january

Reference No:- TGS02769660

Now Priced at $20 (50% Discount)

Recommended (98%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

How protein is an essential part of our health

Protein is an essential part of our health as it forms building blocks for all of our cells, which then use amino acids to repair muscle, skin, organs, and bone

Discuss about health information exchanges in the niles

Review the information about Health Information Exchanges in the Niles (2024) textbook. Match the description to the term as best as you can

Discuss education and care services national regulations

According to the Education and Care Services National Regulations, when children attend the service there must also be at least one staff

How to determine if there is a quality issue

In Lesson, we discussed how to determine if there is a quality issue to measure and access. Meaning, once you have determined there is a quality problem

What inter-professional involvement needs to be considered

You have less than 10 minutes to identify the health and social concerns/needs and interventions you believe should be considered for Lorena

Why should contraception be a reproductive right

According to our textbook, lack of access to contraception negatively impacts women Why should contraception be a reproductive right?

Problem regarding childhood education and care services

In early childhood education and care services parents must always be fully informed in advance about anything that is provided for their child

Solution Preview :

Prepared by a verified Expert

Accounting Basics: Inca distributed 300000 to its sole shareholder on january

Reference No:- TGS02769660

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Your firm is considering leasing a new robotic milling

Q : The sample yielded the following results 80 lbs and s 12

Q : Madison trust 50 shares ruths brother 50 shares ruth is a

Q : A firm is considering a project that will generate

Q : Inca distributed 300000 to its sole shareholder on january

Q : Write a reflective summary on completing a public budgeting

Q : What if the pretax cost savings are 100000 per year at what

Q : The building was subject to a 10000 mortgage assumed by tax

Q : Identify and critically analyse principles and trends in