ct FreeB Foods is a calendar-year corporation and has positive current E&P of $500. FreeB also has a deficit in accumulated E&P of ($1,200). The FreeB makes a $400 distribution to its sole shareholder. Which of the following statements is true? OA distribution from a corporation to a shareholder is always a dividend, regardless of the balance in E&P. The distribution will not be vidend because total E&P is a deficit. O The distribution may be a dividend, depending on whether net E&P (current plus accumulated E&P) at the date of the distribution is positive. The distribution will be a dividend because current E&P is positive and exceeds the distribution.