How much of the distribution is treated as a dividend

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Question - Bruin Company reports current E&P of $330,000 in 20x3 and accumulated E&P at the beginning of the year of $165,000. Bruin distributed $530,000 to its sole shareholder on January 1, 20x3. How much of the distribution is treated as a dividend in 20x3?

Reference no: EM133147103

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