Maximum amount of the distribution


Swan a calendar year corporation has a deficit in current E & P of 200,000 and a %580,000 positive balance in accumulated E&P. If Swan determines that a $1 million distribution to its shareholders is appropriate at some point during the year, what is the maximum amount of the distribution that could potentially be treated as a divident?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Maximum amount of the distribution
Reference No:- TGS074110

Expected delivery within 24 Hours