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Bruin Company reports current E&P of $260,000 in 20x3 and accumulated E&P at the beginning of the year of $130,000. Bruin distributed $460,000 to its
Bruin Company reports current E&P of $260,000 in 20x3 and accumulated E&P at the beginning of the year of $130,000. Bruin distributed $460,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3? Multiple Choice O $460,000. O $390,000 O $260,000. $130,000. O
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