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statuscvo [17]
3 years ago
14

Aztec Company reports current E&P of $200,000 in 20 X 3 and accumulated E&P at the beginning of the year of negative $10

0,000. Aztec distributed $300,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?
Business
1 answer:
kondaur [170]3 years ago
3 0

Answer:

How much of the distribution is treated as a dividend in 20X3?

100000

Explanation:

E&P CURRENT       200000

E&P ACCUMULATE -100000

Dividend                   100000

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