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Question: Wildcat Corporation reports current E&P of negative $200,000 in 20x3 and accumulated E&P at the beginning of the year of $100,000. Wildcat distributed $300,000 to its sole shareholder on December 31, 20x3. How much of the distribution is treated as a dividend in 20x3? The answer must be typed, in times new roman font (size 12), and must follow APA format.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93073621

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