(Answered) S corporationscedar corporation has an s corporation

Accounting

S Corporations

Cedar Corporation has an S corporation election in effect. During the 2015 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2015, the corporation paid dividends to shareholders in the amount of $120,000.

How much taxable income, in total, must the shareholders of the corporation report on their 2015 tax returns?

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