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e-lub [12.9K]
3 years ago
14

Aztec Company reports current E&P of $200,000 in year 1 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, year 1. How much of the distribution is treated as a dividend in year 1?
Business
1 answer:
jonny [76]3 years ago
5 0

Answer:

$200,000

Explanation:

In the given case, The distribution which is treated as a dividend is equal to the current E&P i.e $200,000 because the distributions are paid first by current E&P and when it is consumed then the balance of accumulated E&P got reduced.

So, it also consider the current E&P as a dividend

All other information which is given is not relevant. Hence, ignored it

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As an executive director, I would love to delegate so they take those tough roles important

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3 years ago
The percentage of the u.s. federal government's debt owned by foreign entities went – from – in 1990 to – in 2013. it is importa
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3 years ago
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kozerog [31]

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The content on the website can also be split, this will help generate more views.

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I am having trouble in personal finance and need to learn how to figure out S=P(1+rt) and P=S(1+rt). Can someone assist me in le
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7 0
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poizon [28]

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