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Bryden,a controlled foreign corporation owned 100% by USCo,earned $900,000 in Subpart F income for the current year.Bryden's current year E & P is $350,000,and its accumulated E & P is $15 million.What is the current year Subpart F deemed dividend to USCo?
Retained Earnings
The portion of a company's profits that is held back and not distributed to shareholders, reinvested in the business.
Net Income
The net income a company earns once all costs and taxes are subtracted from its total revenues.
Dividend
A portion of a company's earnings distributed to its shareholders, typically paid out in cash or additional shares of stock.
Treasury Stock
Shares that were once part of the outstanding shares and have been bought back by the company, reducing the amount of stock on the open market.
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