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Business, 07.05.2020 07:58 malayalatham3357

Wildcat Corporation reports a deficit in current E&P of ($200,000) in 20X3 and accumulated E&P at the beginning of the year of $100,000. Wildcat distributed $300,000 to its sole shareholder on December 31, 20X3. How much of the distribution is treated as a dividend in 20X3?

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Wildcat Corporation reports a deficit in current E&P of ($200,000) in 20X3 and accumulated E&...
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