Multiple Choice
Aztec Company reports current E&P of $200,000 in 20X3 anda deficit of ($100,000) in accumulated E&P at the beginning of the year. Aztec distributed $300,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?
A) $300,000
B) $200,000
C) $100,000
D) $0
Correct Answer:
Verified
Correct Answer:
Verified
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