Question

Aztec Company reports current E&P of $200,000 in 20 X 3 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?

Answer 1

How much of the distribution is treated as a dividend in 20X3?

100000

Step-by-step explanation:

E&P CURRENT 200000

E&P ACCUMULATE -100000

Dividend 100000