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Our client, Silver Corporation, has accumulated E & P of $1,000,000 as of January 1 of the current year. During the year, it expects to have earnings from operations of $840,000 and to make a cash distribution of $450,000. Silver Corporation also expects to sell an asset for a loss of $1,000,000. Thus, it anticipates incurring a deficit of $160,000 for the year.

How might Silver Corporation minimize the amount of dividend income to its share-holders?

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Accounting Basics, Accounting

Category:- Accounting Basics
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