On the last day of the year xyz corporation made a

Reference no: EM13593680

On the last day of the year, XYZ Corporation made a nonliquidating distribution to Jane, its sole shareholder, of $110,000 in cash. The corporation's earnings and profits were $100,000 on the last day of the year. How much was the total dividend income received by the shareholder as a result of the distribution made by XYZ Corporation?

Reference no: EM13593680

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