24lbriscoe
24lbriscoe
21.04.2020 • 
Business

Bruin Company reports current E&P of $230,000 in 20X3 and accumulated E&P at the beginning of the year of $115,000. Bruin distributed $430,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?

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