How much of the distribution is treated as a dividend


Dill Corporation distributes a property dividend to its two equal shareholders: Bill, an individual,and Trill, a corporation. Each receives property with a basis to the corporation of $3,000 and a fair market value of $10,000. The corporation's E & P before the distribution is $8,000.  How much of the distribution is treated as a dividend for Bill and Trill, respectively?

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Accounting Basics: How much of the distribution is treated as a dividend
Reference No:- TGS084559

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