How much of the dividend must be paid

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Question - A non-CCPC has an LRIP balance of $78,000 at the end of the 2015 fiscal year. In 2016, the company wishes to pay a dividend of $250,000. During 2016, prior to the payment of the dividend, the company receives eligible dividends of $35,000 and non-eligible dividends of $85,000. How much of the $250,000 dividend must be paid as a non-eligible dividend before an eligible dividend can be designated?

A. $78,000

B. $113,000

C. $163,000

D. $250,000

Reference no: EM132568936

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