1. if current E&P is $500,000 and accumulated E&P is $350,000 and the corporation makes a distribution to its shareholders of $400,000, the result is:

Group of answer choices

.Dividend $350,000 and return of capital $50,000

.Dividend $350,000 and excess distribution of $50,000

.Dividend $400,000

.Dividend $400,000 and return of capital $100,000

2. If current E&P is ($300,000) and accumulated E&P is $400,000, the maximum dividend that can be paid will be:

Group of answer choices

$400,000

Unlimited

$0

$100,000