Steve,Inc.,a U.S.shareholder owns 100% of a CFC from which Steve receives a $3 million cash distribution.The CFC's E & P is composed of the following amounts. 
Steve recognizes a taxable dividend of:
Definitions:
Equity Funds
Mutual funds that primarily invest in company stocks, representing ownership in those companies.
Secured Loan
A loan that requires collateral as security for the lender.
Collateral
Assets that a borrower offers to a lender to secure a loan, which can be seized if the borrower fails to repay the loan.
SBA Loan
A loan made to a small business through a commercial bank, of which a portion is guaranteed by the Small Business Administration.
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