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Nana76 [90]
3 years ago
12

Boulder Company reports current E&P of $500,000 this year and accumulated negative E&P at the beginning of the year of $

200,000. Boulder distributed $400,000 to its sole shareholder on December 31 of this year. How much of the distribution is treated as a dividend this year?
Business
1 answer:
mrs_skeptik [129]3 years ago
4 0

Answer:

$400,000

Explanation:

Distribution for a particular year will be first drawn for the earning and profits for that year. Distributions will be treated as dividends if the earnings and profits in the current year are positive, regardless of whether the accumulated balance is negative.

Boulder had positive earnings and profits of $500,000.  It has distributions of $400,000, which will be drawn from the earning from the current earnings.  This distribution will be dividends because they can be satisfied with the current earnings.

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The answer to the blank space of the statement is project manager.

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3 years ago
The method of informing that focuses on how something is similar to and different from other things is called:
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Answer:

comparison and contrast

Explanation: the definitation and meaning is expained in speech chapter 12

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Shortly after recording street survivors, this group was involved in a fatal plane crash:
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3 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $40,000 and
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Answer:

$4,775

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6 0
3 years ago
A nursery has $40,000 of inventory in dogwood trees and red maple trees. the profit on a dogwood tree is 27% and the profit on a
Afina-wow [57]

Answer: The amount invested in the dogwood tree was $5000, while $35000 was invested in the red maple tree.

We arrive at the answer as follows:

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