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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:
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
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