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Wildcat Corporation Reports Current E&P of Negative $200,000 in Year

question 103

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Wildcat Corporation reports current E&P of negative $200,000 in year 1 and accumulated E&P at the beginning of the year of $100,000.Wildcat distributed $300,000 to its sole shareholder on December 31, year 1.How much of the distribution is treated as a dividend in year 1?


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The commitment to excelling in one's efforts or tasks, driven by intense enthusiasm and dedication.

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