Aztec company reports current eampp of 200000 in 20x3 and , Ask an Expert

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Aztec Company reports current E&P of $200,000 in 20X3 and accumulated E&P at the beginning of the year of negative $100,000. Aztec distributed $300,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?

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Accounting Basics, Accounting

Category:- Accounting Basics
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